Mandatory notification of trade

29 Aug 2025 09:55 CEST

The following primary insiders in Morrow Bank ASA ("the Bank") have in
accordance with the Bank's share option plan exercised stock options as set out
below:

Eirik Holtedahl, Chief Financial Officer, has exercised options to subscribe for
14,963 shares in Morrow Bank ASA. The subscription price per share is NOK 0.60,
corresponding to the adjusted strike price under the option programme. Each
share has a nominal value of NOK 1.00, and the share capital will consequently
be increased by NOK 14,963. In addition to the fixed strike price, there is a
variable element corresponding to the social security tax at the date of
exercise, amounting to NOK 1.62 per share. Following the transaction Eirik
Holtedahl and close associates hold 2,657,070 shares, 272,001 stock options and
800,000 warrants in Morrow Bank ASA.

Annika Ramstedt, Chief Credit Risk Officer, has exercised options to subscribe
for 67,908 shares in Morrow Bank ASA. The subscription price per share is NOK
0.60, corresponding to the adjusted strike price under the option programme.
Each share has a nominal value of NOK 1.00, and the share capital will
consequently be increased by NOK 67,908. In addition to the fixed strike price,
there is a variable element corresponding to the social security tax at the date
of exercise, amounting to NOK 3.13 per share. Following the transaction Annika
Ramstedt and close associates hold 401,814 shares, 371,369 stock options and
800,000 warrants in Morrow Bank ASA.

This information is considered to be inside information pursuant to the EU
Market Abuse Regulation article 7 and is subject to the disclosure requirements
pursuant to section 5-12 of the Norwegian Securities Trading Act. This stock
exchange announcement was published by Henning Fagerbakke, Head of Finance and
board member, Morrow Bank ASA, on 28 August 2025 at 09:55 CEST.

More information:
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654231_Skjema for melding om transaksjoner utført av personer med ledelsesansvar («primærinnsidere») og deres nærstående (KRT-1500)_annika_eirik.pdf