BN Bank ASA and SpareBank 1 Næringskreditt AS – completed transaction

Reference is made to the stock exchange notice dated 28 February 2019 with respect to an agreement between the banks of the SpareBank 1 Alliance regarding changes in the ownership structure in BN Bank ASA, including the B-shares in SpareBank 1 Næringskreditt AS.

The transactions were completed today, and BN Bank ASA now has the following ownership structure:

SpareBank 1 SMN, 35.02 %

SpareBank 1 SR-Bank, 35.02 %

SpareBank 1 Nord-Norge, 9.99 %

SpareBank 1 Østlandet, 9.99 %

SpareBank 1 BV, 5.00 %

SpareBank 1 Østfold Akershus, 2.52 %

SpareBank 1 Telemark, 2.46 %

The B-shares in SpareBank 1 Næringskreditt have an identical ownership structure to BN Bank ASA.

SpareBank 1 Markets AS has acted as the financial adviser in the transaction, and Advokatfirmaet BAHR AS has acted as the legal adviser.

Contact details:

Inge Reinertsen, CFO, Tel. +47 909 95 033

Stian Helgøy, Vice President Investor Relations, Tel. +47 906 52 173

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

About Us

SpareBank 1 SR-Bank is the second largest Norwegian financial group and operates in most parts of South Norway which includes Rogaland, Agder, Vestland and Oslo. We provide financial products and services to over 300 thousand customers, including loans and deposits, mutual funds and asset management, insurance and pension savings, payment and financing services, real estate brokerage, accounting services and services related to the money and capital market. The head office is in the city of Stavanger.

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