As a result of Norges Bank's decision on Thursday, June 19, to lower the key
policy rate to 4.25 percent, SpareBank 1 Sør-Norge is reducing interest rates on
mortgages and deposits by up to 0.25 percentage points.

The central bank pointed out that inflation has slowed in recent months and that
it aims to bring inflation back to the 2 percent target without slowing the
economy more than necessary.

"We have been through a long period of rising interest rates and high living
costs. Therefore, it is encouraging that the central bank is now easing the
interest rate pressure. SpareBank 1 Sør-Norge is following the signal from
Norges Bank and lowering mortgage rates," says Roger Lund Antonesen, Executive
Vice President for the Retail Market.

The new terms will apply from June 20 for new mortgages, and from 24 August for
existing mortgages. Our customers will receive information about the interest
rate changes via mobile and online banking or by letter in the mail.

Stavanger, June 19, 2025.

Contacts:
Roger Lund Antonesen, Executive Vice President Retail Market, phone +47 976 61
221.
Øyvind Knoph Askeland, Director of Communications, phone +47 922 32 639.

This information is subject to disclosure under the Norwegian Securities Trading
Act §5-12.