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BN Bank ASA and SpareBank 1 Næringskreditt AS – completed transaction

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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.

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