SpareBank 1 Østlandet: Sale of Youngstorget 5 AS

07 Aug 2025 07:10 CEST

SpareBank 1 Østlandet has entered into an agreement to sell the company
Youngstorget 5 AS.
This is a wholly owned subsidiary of the bank. The main asset of the company is
Youngstorget 5, which also serves as the headquarters for SpareBank 1
Østlandet's operations in Oslo. The sale of the company does not affect the
bank’s presence in Oslo, and a leaseback agreement will be entered into with the
buyer of the property.

The transaction is expected to result in an accounting gain for SpareBank 1
Østlandet in the range of NOK 165 million. The gain is expected to be recognized
in the second half of 2025, depending on the timing of the transaction. The
final calculated gain may change upon completion. The transaction is subject to
the buyer’s board approval and due diligence.

Contact information:
Geir-Egil Bolstad, CFO, Tel.: +47 918 82 071
Bjørn-Erik Orskaug, Head of Investor Relations, Tel.: +47 922 39 185

This information must be disclosed pursuant to section 5-12 of the Securities
Trading Act.

More information:
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