In a letter dated June 24, 2025, the Norwegian FSA (NFSA) has given SpareBank 1
Sør-Norge ASA ("the Bank") a preliminary notice of decision concerning the
overall capital requirement under Pillar 2 and the Pillar 2 Guidance, in
connection with the NFSA's updated assessment of the Banks risk and capital
needs (SREP). The Pillar 2 Requirement and the Pillar 2 Guidance come in
addition to the capital requirements under Pillar 1.

The NFSA's preliminary assessment is that the total capital requirement of
SpareBank 1 Sør-Norge ASA under Pillar 2 is 1.5 percent of risk weighted assets
under Pillar 1, down from 1.9 percent from the previous SREP-assessment.

Furthermore, the NFSA's preliminary assessment is that the bank must hold a
temporary buffer of 0.5 percent of risk weighted assets under Pillar 1 , related
to model risk. At least 56.25 percent of the requirement shall be met with
common equity tier 1 (CET1) capital, while 75 percent must be met with tier 1
capital.

Furthermore, the NFSA's preliminary assessment is that the Pillar 2 Guidance
should be adjusted from 1.25 percent to 1.00 percent.

The Bank has until September 15, 2025, to provide its comments on the NFSA's
preliminary notice. The NFSA will subsequently issue a final decision in the
matter.

Stavanger, June 25, 2025.

Contacts:
Morten Forgaard, Investor Relations, Tel. +47 916 21 425
Eirik Monsen, CFO, Tel. +47 916 39 831

This information is subject of the disclosure requirements acc. to section 5-12
of the Norwegian Securities Trading Act and the Market Abuse Regulation (MAR) of
the European Union.