SPAREBANK 1 ØSTLANDET TO EXPLORE THE OPPORTUNITY TO ACQUIRE OWN EQUITY CAPITAL CERTIFICATES

08 May 2025 10:00 CEST

SpareBank 1 Østlandet ("the Bank”) has engaged SpareBank 1 Markets (the
"Manager") to explore the opportunity to acquire equity capital certificates
("ECCs") in the Bank for up to NOK 8 000 000 ("the Offer"). The ECCs will be
used in the Bank's savings program for employees and will be distributed to
employees who qualify in reference to the savings program. Reference is made to
the stock exchange announcement published by the Bank on 3 December 2024 for
further information on the savings program, and reference to the stock exchange
announcement by the Bank on 27 March 2025 with the general meeting's
consideration of a power of attorney to acquire its own ECCs. The Bank’s holding
of ECCs is currently 595.

The Offer is carried out through a reverse book building process. The Manager
will gather and accumulate sales orders from existing ECC holders. Once a sales
order is placed, it cannot be withdrawn or changed by the selling ECC holder and
the selling ECC holder is bound to sell the offered ECCs to the Bank on the
offered terms if and at such time the Offer is accepted by the Bank,
irrespective of whether the Bank decides to purchase a lower amount of ECCs from
a selling ECC holder than offered for sale by the respective ECC holder. The
final purchase price per ECC will be set based on the sales orders received at a
level representing a satisfactory price and offering volume (to be determined by
the Bank at its sole discretion). The final purchase price will be identical for
all selling ECC holders.

The book-building period commences immediately and is expected to close at 16:00
hours (CET) on 14 May 2025. The book-building period can be changed at the
Bank’s and the Manager's sole discretion.
If the transaction is to be completed, pricing will follow shortly after the
book-building period. Based on the above closing time, allocation is expected to
be made on 14 May 2025 (T), and settlement is expected to take place on or about
16 May 2025 (T+2) through a delivery versus payment (DVP) transaction. If the
book-building period is changed, the dates will be adjusted correspondingly.

In the event that the total number of received sales orders at the final
purchase price exceeds the number off ECCs the Bank wishes to purchase (or such
decreased number of ECCs the Bank wishes to purchase), the allocation will, to
the extent possible, be made on a pro rata basis based on the volume offered by
each selling ECC holder with the objective of treating all ECC holders equally
based on their indicated interest in participating in the Offer at the final
purchase price. The Bank reserves the right to, at any time, terminate and not
complete the Offer or make any amendments with regards to the volume or other
terms of the Offer.

Holders of ECCs wishing to participate in the Offer may contact Eivind Julin in
SpareBank 1 Markets AS at: Dir. tlf.: +47 24 13 37 71 Mob.: +47 976 62 769
e-mail: eivind.julin@sb1markets.no

For further information: Head of Treasury, Cathrine Mordal, tlf + 47 480 02 537.

The information is subject to the disclosure requirements pursuant to section
5-12 of the Norwegian Securities Trading Act and the Market Abuse Regulation
(MAR).

More information:
Access the news on Oslo Bors NewsWeb site