BRAbank ASA: BRA-ME – Completion of share capital decrease – new nominal value

Bergen, 10 March 2020

Reference is made to the resolution by the extraordinary general meeting in BRAbank ASA ("BRAbank" or the "Company") on 13 January 2020 to decrease the share capital by NOK 396,734,846.40, from NOK 495,918,558 to NOK 99,183,711.60 by reducing the nominal value of the shares from NOK 1 to NOK 0.20. The new share capital has today been registered with the Norwegian Register of Business Enterprises. Following registration of the share capital decrease, the Company's share capital is NOK 99,183,711.60 divided on 495,918,558 shares with a par value of NOK 0.20 per share.

For further information please contact:

Hans Ljøen, Chief Executive Officer at BRAbank, phone: +47 481 87 750
Torbjørn Botnevik, Chief Financial Officer at BRAbank, phone: +47 982 80 233

This information is published in accordance with the requirements of the Continuing obligations of companies admitted to trading on Merkur Market.