Sparebanken Sør continues savings program for employees

07 Feb 2025 08:00 CET

In order to facilitate employee ownership in the bank the board of Sparebanken
Sør has decided to continue the savings program for full-time employees in the
bank.

Full-time employees in the bank are invited to buy equity certificates in the
bank for amounts between NOK 15,000 and NOK 65,000, with a 20% discount to the
market price. The purchase is financed by deducting an equal amount from the
salary over the next 12 months. The discount is given subject to a 24-month lock
up period.

The savings program is implemented as a resale where the bank will sell from its
own holdings of equity certificates. If the bank's employees order a higher
number of equity certificates in the savings program than the bank's own
holdings, the bank will carry out a buyback of equity certificates in connection
with the savings program.

This information is subject to the disclosure requirements pursuant to
verdipapirhandelloven § 5-12. (the Norwegian Securities Trading Act)

For further information, please contact: Steinar Vigsnes, CFO, +47 906 13 135,
Steinar.Vigsnes@sor.no

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