SpareBank 1 Nord-Norge is making changes to its organization and group
management team.

- In 2023, we developed a new business strategy with five focus areas that we
will prioritize towards 2030. These focus areas lead us into several major and
important changes. We are now adjusting our organization so that we are
well-equipped to implement these changes and thereby achieve our strategic
goals.

This is stated by Group CEO Hanne Karoline Kræmer. After almost a year as CEO,
she now announces changes in both the group's management and organization.

- We will create increased execution power by refining and strengthening our
units within three main areas: Business and Risk Management, Customer and
Business Value, and Business Development, Efficiency, and Support, explains
Kræmer.

Adapted to Strategic Goals

Within Customer and Business Value, the divisions for retail and corporate
markets are strengthened. They will, among other things, be responsible for the
respective credit areas, while subsidiaries EiendomsMegler 1, SNN Finans, and
SpareBank 1 Regnskapshuset will be more closely linked to the divisions to
strengthen collaboration and prioritization.

The units for Business and Risk Management are consolidated and refined. Group
Finance is strengthened with the department for sustainability and a dedicated
team for project implementation, while Risk Management is refined as a control
function.

Regarding Business Development, Efficiency, and Support, organizational and
business support is consolidated into one unit to provide both synergies and
increased efficiency. The Group maintains its strong position in the SpareBank 1
alliance by mainly retaining alliance functions in one unit