Conversion of primary capital to equity certificate capital and establishment of a savings bank foundation – decision on implementation

26 Nov 2024 13:28 CET

Sparebanken Møre refers to previous stock exchange announcements on the matter,
most recently announcement of 4 November 2024 regarding the approval of the
application for the establishment of a savings bank foundation.

The board of directors of Sparebanken Møre has today decided to implement the
conversion of NOK 25,999,252.50 of the bank's primary capital into equity
certificate capital in accordance with the resolution adopted by the general
meeting of the bank on 28 February 2024. In connection with the conversion, the
statutory equity certificate capital will be increased by NOK 7,215,000 through
the issuance of new equity capital certificates, each with a nominal value of
NOK 20.

The board of directors of the bank has further resolved to establish
Sparebankstiftelsen Sparebanken Møre, which will receive the equity capital
certificates issued in connection with the conversion at no cost. The newly
issued equity capital certificates will be transferred to Sparebankstiftelsen
Sparebanken Møre as soon as the conversion is registered in the Norwegian
Register of Business Enterprises.

Contact persons:
- Trond Lars Nydal, CEO, phone number +47 951 79 977
– John Arne Winsnes, CFO, phone number +47 462 80 999
- Runar Sandanger, Senior Economist, phone number +47 950 43 660

This information is subject to the disclosure requirements according to Section
5-12 of the Norwegian Securities Trading Act.

More information:
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