SpareBank 1 Gruppen's consolidated net profit after tax for the 4th quarter and
the year 2023 were NOK 60 (518) million and NOK 246 (1,428) million,
respectively. The majority's share of the consolidated net profit after tax for
the 4th quarter and the year 2023 were NOK -260 (467) million and NOK -174
(1,020) million, respectively. Figures in parentheses indicate the amounts for
the corresponding period in 2022, restated for IFRS 17.

SpareBank1 SMN holds an ownership stake of 19.5% in SpareBank 1 Gruppen AS.
SpareBank1 SMN's share of SpareBank 1 Gruppen's net profit after tax for the 4th
quarter was NOK -51 (128) million. SpareBank1 SMN's share of net profit for the
year 2023 was NOK -34 (175) million. Figures in parentheses indicate the amounts
for the corresponding period in 2022, with no restatement for IFRS 17.

Fremtind, owned 65% by SpareBank 1 Gruppen AS, reported a pre-tax profit of NOK
794 (205) million in the 4th quarter and NOK 1,160 (1,570) million for the year
2023.

SpareBank 1 Gruppen AS has conducted a valuation of the jointly controlled
company, Kredinor AS. The updated valuation results in an impairment of the
ownership stake and has a negative impact on SpareBank 1 Gruppen's parent and
consolidated net profit of NOK 769 million in the 4th quarter of 2023 and for
the year 2023.

Oslo, 31 January, 2024

Contact person in SpareBank 1 SMN:
CFO Trond Søraas, +47 922 36 803 / e-mail: trond.soraas@smn.no 

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