Monobank ASA: MONO-ME: Changes in Monobank ASA's management team

Monobank ASA will make temporary changes in its management team.

Monobank ASA has employed Torbjørn Botnevik as acting CFO during Lene Sjøbakks parental leave expected to start in May 2018. Botnevik comes from the position as Head of of Reporting, Financial analysis and forecasts in Nordea Life & Pensions Norway.

For further information contact:
Bent H. Gjendem, Chief Executive Officer at Monobank, phone: +47 996 11 996

About Monobank ASA:
Monobank is a digital bank offering unsecured lending to qualified private
individuals in Norway and Finland. Operations started out of Bergen, Norway, in
November 2015 after Monobank received its banking license from the Financial Supervisory
Authority of Norway. The bank also offers attractive deposit rates on its
savings accounts. Deposits up to NOK 2 million are guaranteed by the Norwegian
Banks Guarantee fund, of which Monobank is a member. For further information,
please visit the company web page www.monobank.no.

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