SpareBank 1 Nord-Norge: Resolutions of the Supervisory Board

27 Mar 2026 07:30 CET

The Supervisory Board of SpareBank 1 Nord-Norge resolved the following matters
at its meeting on 26 March 2026:

Item 1/2026 Annual Report 2025

The presented annual accounts and annual report for 2025 for the parent bank and
the Group are approved as the parent bank’s and the Group’s annual accounts for
2025.
Dividend for 2025 is proposed at NOK 1,841 million, distributed as NOK 853
million to the equity certificate capital in the form of cash dividend, and NOK
987 million to the primary capital in the form of community dividend/donations.
The cash dividend for 2025 amounts to NOK 8.50 per equity certificate.
Based on the annual accounts for 2025, the Board of Directors recommends the
following to the Supervisory Board:
The presented annual accounts, including the annual report for 2025 for the Bank
and the Group, are approved as the Bank’s and the Group’s annual accounts for
2025.
Cash dividend for 2025 is proposed at NOK 8.50 per equity certificate, totalling
NOK 853,383,136.00. The Bank allocates NOK 681,519,762.17 to the equalisation
fund (parent bank).
The Bank proposes that NOK 987,391,531.82 be allocated to donations for public
benefit purposes. The Supervisory Board authorises the Board of Directors to
distribute the donations. The Board of Directors may further delegate this
authority to the Bank’s management.
The Supervisory Board authorises the Board of Directors to reallocate funds
allocated to donations for public benefit purposes and transfer such funds to
the gift fund of the Sparebankstiftelsen SpareBank 1 Nord-Norge. This applies to
funds that have not been paid out or allocated, and that are outstanding on the
liability account as at year-end 2026/27, earmarked for donations for public
benefit purposes.
The Bank allocates NOK 555,204,374.87 to the primary capital (parent bank).
Dividend will be paid to holders of equity certificates registered as owners as
of 26 March 2026. The Bank’s equity certificates will be traded ex dividend as
of 27 March 2026.
8 April 2026 is proposed as the payment date for the dividend for 2025.

Item 2/2026 Auditor’s fee 2025

The Supervisory Board sets the external auditor’s fee for the audit of SpareBank
1 Nord-Norge in 2025 at NOK 2,239,085 including VAT.

Item 3/2026 Purchase and pledge of the Bank’s own equity certificates

1. The Board of Directors is authorised, on one or more occasions, to purchase
and establish pledges over the Bank’s own equity certificates within the limits
set by applicable laws and regulations.
2. The total holding of equity certificates owned by the Bank and/or subject to
contractual pledge may not exceed 5% of the Bank’s equity certificate capital.
3. The minimum consideration payable per equity certificate is NOK 12.50 and the
maximum is NOK 200. The limits also apply to contractual pledges, meaning that
the secured claim must fall within these monetary limits.
4. Purchase of equity certificates shall take place through purchases in the
securities market via Oslo Børs, and disposal shall take place through the same
market, possibly as directed sales to employees and elected representatives
within the limits of applicable laws and regulations.
5. Pledges will be established through agreements with customers in connection
with credit facilities, and any realisation of the pledged equity certificates
shall take place in the securities market via Oslo Børs.
6. The authorisation is valid until 30 April 2027.
7. The authorisation may be delegated.

Item 4/2026 Authorisation to issue and repurchase hybrid capital instruments,
subordinated loans and subordinated debt

Authorisation to issue hybrid capital instruments
The Supervisory Board authorises the Board of Directors to raise and repurchase
regulatory capital in the form of hybrid capital instruments and to negotiate
the terms thereof, within a framework of NOK 3,000 (2,000) million or the
equivalent in another currency.
The authorisation applies from the Supervisory Board’s resolution granting the
authorisation and until 30 April 2027. The authorisation may be delegated.
Authorisation to issue subordinated debt instruments
The Supervisory Board authorises the Board of Directors to raise and repurchase
convertible debt in the form of subordinated debt instruments and to negotiate
the terms thereof, within a framework of NOK 12,000 million or the equivalent in
another currency.
The authorisation applies from the Supervisory Board’s resolution granting the
authorisation and until 30 April 2027. The authorisation may be delegated.
Authorisation to issue subordinated debt instruments
The Supervisory Board authorises the Board of Directors to raise and repurchase
convertible debt in the form of subordinated debt instruments and to negotiate
the terms thereof, within a framework of NOK 12,000 million or the equivalent in
another currency.
The authorisation applies from the Supervisory Board’s resolution granting the
authorisation and until 30 April 2027. The authorisation may be delegated.

Item 5/2026 Report on remuneration of senior executives

The report on remuneration of senior executives was approved.

Item 6/2026 Amendments to guidelines on remuneration of senior executives

The Supervisory Board adopted the Guidelines on remuneration of senior
executives.

Item 7/2026 Election of elected representatives

The outcome of the elections was as follows:
Supervisory Board
Chair Gro Marith Karlsen was elected for the period 2026/2027.
Deputy Chair Ketil Arnesen was elected for the period 2026.

Nomination Committee of the Supervisory Board
Member Lars Martin Lunde was elected Chair for the period 2026/2027.
Member Svein Ove Haugland was elected for the period 2026/2027.
Member Jarle Neef was elected for the period 2026/2027.
Member Christian Torset was elected for the period 2026/2027.
Deputy member Kjersti Stormo was elected for the period 2026/2027.
Deputy member Roar Dons was elected for the period 2026/2027.
Deputy member Reidar Buch Sivertsen was elected for the period 2026/2027.
Deputy member Thomas Arild Mølmann was elected for the period 2026/2027.

Board of Directors
Deputy Chair Kathrine Tveiterås was re elected for the period 2026/2027.
Director Rolf Eigil Bygdnes was re elected for the period 2026/2027.
Director Fridtjof Berents was elected for the period 2026/2027.
Director Ingunn Andersen Randa was elected for the period 2026.

Item 8/2026 Fees and remuneration for elected representatives

The Nomination Committee’s recommendation regarding fee rates dated 5 March 2026
was adopted as the fees and remuneration for the elected representatives of
SpareBank 1 Nord-Norge, effective from 1 January 2026.
This information is subject to disclosure pursuant to section 5 12 of the
Norwegian Securities Trading Act.

Contact person at SpareBank 1 Nord-Norge:
Noelle Klykken, Administrative Secretary, nk@snn.no, +47 916 30 377

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