SpareBank 1 SMN: New Capital Target CET1

19 Dec 2025 08:00 CET

Based on the Financial Supervisory Authority’s decision regarding a new Pillar 2
requirement (see separate stock exchange announcement dated 24 November 2025),
the board of SpareBank 1 SMN decided on 18 December to set a new long-term
target for Common Equity Tier 1 capital, effective from 31 December 2025. The
target is set at a minimum of 15.9 percent.

SpareBank 1 SMN has also had a temporary capital add-on of 0.7 percentage points
in Pillar 2 while awaiting approval and implementation of new IRB models for
corporate clients. The Financial Supervisory Authority has approved the new
models, and they have been implemented during the fourth quarter. As a result,
the temporary requirement of 0.7 percentage points will be removed. The new
models result in an increase in risk weights for corporate clients and increase
in risk-weighted assets. The overall effect of the removal of the temporary
capital requirement and the increased risk-weighted assets is approximately
neutral.

Trondheim, 18 December 2025

Contacts:
CFO Trond Søraas, tel. +47 922 36 803
CRO Ola Neråsen, tel. +47 918 09 722

This information is subject to the disclosure requirements pursuant to Section
5-12 the Norwegian Securities Trading Act.

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