(Oslo, 2 July 2019) Reference is made to previous stock exchange releases from
Pareto Bank ASA ("Pareto Bank" or the "Company") regarding the private placement
of 10,810,810 new shares at a price per share of NOK 37.00 (the "Private
Placement"), successfully completed on 5 June 2019. 

The share capital increase pertaining to the new shares issued in the Private
Placement has now been registered with the Norwegian Register of Business
Enterprises. 

Pareto Bank's new registered share capital is NOK 833,165,976 divided into
69,430,498 shares, each with a nominal value of NOK 12.

The Private Placement is settled through a delivery versus payment transaction
by delivery of existing and unencumbered shares in the Company that are already
listed on Oslo Børs pursuant to a share lending agreement with Pareto AS as
lender. 

The new shares will be delivered to Pareto AS today pursuant to the share
lending agreement, and the shares are now tradeable on Oslo Børs. 


For further information, please contact:

Tiril Haug Villum
Chief Executive Officer, Pareto Bank ASA
Tel. + 47 922 56 432

Erling Mork
Chief Financial Officer, Pareto Bank ASA
Tel. + 47 911 95 970

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