The Financial Supervisory Authority of Norway ("the NSFA") has updated the
assessment of Supervisory Review and Evaluation Process ("SREP") for risks and
capital needs for Morrow Bank ASA ("Morrow Bank") and decided on the capital
requirements for Pillar 2 and Pillar 2 guidance ("P2G"). These capital
requirements come in addition to the minimum and combined buffer requirements
under Pillar 1. The NFSA has decided that the Pillar 2 requirements shall be
reduced from 6.5% to 5.4% of the total risk exposure amount. 100% of the
requirement must be covered with Core Equity Tier 1 ("CET1").

The NFSA also expects Morrow Bank to have a capital buffer (P2G) in the form of
CET1 of 2.0% of the total risk exposure amount.

The new requirement will apply from 30 June 2024.

For further information, please contact: 
Øyvind Oanes, CEO, +47 989 06 060
Eirik Holtedahl, CFO, +47 969 12 291
ir@morrowbank.com

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