The merger of Oslofjord Sparebank and Sparebanken Norge approved by the supervisory board of Oslofjord Sparebank and general meeting of Sparebanken Norge

16 Jun 2025 17:33 CEST

Reference is made to the stock exchange notice of 14 May 2025, regarding the
decision by the boards of Oslofjord Sparebank and Sparebanken Norge to adopt a
plan for merging the banks (merger plan), and the stock exchange notice of 26
May 2025, about the summons to an extraordinary general meeting in Sparebanken
Norge on 16 June 2025.

The supervisory board of Oslofjord Sparebank and the general meeting of
Sparebanken Norge have in a meetings on 16 June 2025 approved the merger of the
banks by transferring the assets, rights, and obligations of Oslofjord Sparebank
to Sparebanken Norge and forming the new savings bank.

Reference is also made to the attached minutes from the general meeting where
the decision was made in accordance with the summons.

The merger is conditional upon that the relevant supervisory authorities grant
the required permissions for completion without imposing conditions that
significantly alter the assumptions that the banks have made under the merger
plan.

The aim is to complete the merger around 1 December 2025.

The banks have engaged Norne Securities AS as joint financial advisor in
connection with the merger, while Advokatfirmaet Selmer AS has been engaged as
joint legal advisor.

Contact persons:
Sparebanken Norge
Jan Erik Kjerpeseth, CEO, tel. +47 951 98 430
Hans Olav Ingdal, CFO, tel. +47 948 09 328
Brede Borgen Kristiansen, Director of Finance and Investor Relations, tel. +47
479 06 402
Hanne Dankertsen, Director of Communications, tel. +47 994 49 173

Oslofjord Sparebank
Bjørn-Erik Øverland, CEO, tel. +47 900 44 754

This information is disclosed pursuant to the requirements of the Securities
Trading Act § 5-12.

More information:
Access the news on Oslo Bors NewsWeb site

649327_Minutes Extraordinary General Meeting 16 June 2025.pdf