Allocation of equity certificates (SBNOR) to primary insiders and transactions made by primary insiders

12 Jun 2026 09:44 CEST

As part of Sparebanken Norge’s bonus scheme, primary insiders and executives at
level 2 in the bank will receive a portion of their variable remuneration in
equity certificates related to the 2025 financial year. The equity certificates
are restricted, but are being transferred to each individual now, with one
quarter of the equity certificates becoming unrestricted each year over the next
four years. The transfer to each individual primary insider is attached in
Appendix 1 (in Norwegian). The bank is transferring a total of 74,384 equity
certificates related to the 2025 financial year, including transfers to
employees who are not primary insiders.

As a result of changes in the principles and methodology for payment of variable
remuneration in equity certificates, all executives have been given the option
of having previously allocated but not yet unrestricted equity certificates
transferred now or wait until 2027. Appendix 2 (in Norwegian) states which
primary insiders have chosen to receive equity certificates now. The equity
certificates have been transferred with time restrictions in line with the
original allocation. In total, 56,542 equity certificates are being transferred
to primary insiders and employees who are not primary insiders.

Due to the changes described in the previous paragraph, certain primary insiders
have chosen to sell equity certificates, mainly to cover the liquidity impact of
the equity certificates being transferred and taxed now.
• Simen Eilertsen, EVP Bulder and a primary insider in Sparebanken Norge, sold
1,167 equity certificates in Sparebanken Norge on 12 June 2026 at an average
price of 179.91 kroner per certificate. Following this transaction, and the
allocations described above, primary insider Simen Eilertsen holds a total of
11,293 equity certificates.
• Margunn Minne, EVP Corporate Banking West and a primary insider in Sparebanken
Norge, sold 12,400 equity certificates in Sparebanken Norge on 12 June 2026 at
an average price of 179.60 kroner per certificate. Following this transaction,
and the allocations described above, primary insider Margunn Minne holds a total
of 20,497 equity certificates.
• Siren Sundland, EVP Technology and Development and a primary insider in
Sparebanken Norge, sold 1,400 equity certificates in Sparebanken Norge on 12
June 2026 at an average price of 180.37 kroner per certificate. Following this
transaction, and the allocations described above, primary insider Siren Sundland
holds a total of 66,447 equity certificates.

Based on the matters described in the first and second paragraphs, the bank is
transferring a total of 130,926 equity certificates to primary insiders and
other executives. Following this, the bank’s holding of its own equity
certificates amounts to 94,019.

Questions may be directed to Director of Finance and Investor Relations, Brede
Borgen Kristiansen, by telephone on +47 479 06 402.

This information is subject to the disclosure requirements under MAR and Section
5-12 of the Norwegian Securities Trading Act.

More information:
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676057_Attachment 1 - SBNOR primary insider allocation variable remuneration accounting year 2025.pdf
676057_Attachment 2 - SBNOR primary insider allocation variable remuneration after accounting year 2024 and prior.pdf