Bergen, 3 June 2022: Birte Strander has decided to step down from the Group CFO
position and continue her career as CFO in Fjordkraft AS, a subsidiary of Elmera
Group ASA. Henning Nordgulen, the current CFO of Sbanken ASA, will replace her
and will start in his new position during October 2022. 

Mr. Nordgulen holds a Bachelor's degree from BI Norwegian Business School and
additional education from IMF Lausanne and has been CFO of Sbanken since 2015.
Previously he was the CFO of Bergen Group ASA and Corporate Market Director at
Sparebanken Vest. 

"I would like to thank Birte for her excellent contribution as Group CFO over
many years, and I am happy that her competence and experience will remain in the
Group as she now embarks on her new position as CFO in Fjordkraft AS. I would
also like to welcome Henning to the Group, and I am confident that his long
experience will be valuable going forward", says CEO Rolf Barmen.

As from today, Morten A. W. Opdal is appointed acting Chief Financial Officer
and will function until Mr. Nordgulen commences during October 2022. 

Morten A. W. Opdal has been with the Group since August 2014 and has held the
position as Head of Controlling and Investor Relations since May 2018. He holds
a master's degree in economics and business administration from Norwegian School
of Economics (NHH).


For further information, please contact: Rolf Barmen, CEO, +47 900 80 950