The purpose is to create a more efficient, flexible, and decisive financial
group, strengthening SpareBank 1 Sør-Norge's financial performance.Norge's
financial performance.

Effective from 10 February 2026, the Group Executive Management of SpareBank 1
Sør-Norge will consist of:

o Inge Reinertsen, Group CEO 
o Per Halvorsen, Deputy CEO and Executive Vice President People and organization

o Eirik Børve Monsen, CFO 
o Marianne Bakke, Executive Vice President Retail Market 
o Roger Lund Antonesen, Executive Vice President Corporate Market
o Ella Skjørestad, Executive Vice President Market and Technology 

Inge Reinertsen, Per Halvorsen, and Eirik Børve Monsen will continue in their
roles as Group CEO, Deputy CEO, and CFO, with the Strategy and Group Services
division placed under the responsibility of Monsen.

Marianne Bakke will become the new EVP of Retail Market. She has held
responsibility for Corporate and Agriculture.

Roger Lund Antonesen will assume responsibility for Corporate Market, which will
be established as a single division by merging Corporate and Agriculture, and
Large Corporates segments. Antonesen has held the position as EVP of Retail
Market at SpareBank 1 Sør-Norge. 

Ella Skjørestad will lead the Market and Technology division. The division will
be responsible for the Group's overall product and service portfolio, marketing
activities, technology, and operations.

Risk Management and Compliance will continue to be led by EVPs Frode Bø and
Signe Helliesen. These divisions will report directly to the Group CEO and the
Board, outside of Group Executive Management. This ensures that Risk Management
and Compliance maintain a clear and more independent role within the Group.

The executive vice presidents who are leaving the executive management team will
assume new roles within the Group.

"Since the establishment of SpareBank 1 Sør-Norge in autumn 2024, we have
succeeded across all parts of the organization. I am proud and grateful for the
results we have achieved, and for the efforts of our leaders and employees
during a demanding period for the Group," says Group CEO Inge Reinertsen. 

"As we now take steps to become more efficient, flexible, and decisive, we are
establishing a clearer strategic and operational leadership structure that will
strengthen our ability to remain competitive," Reinertsen says.

SpareBank 1 Sør-Norge has previously set a target of reducing 100 fulltime
equivalents (FTEs) by the end of 2026. As a result of the organizational
changes, this target is increased to 150 FTEs.

"We continuously seek smarter ways of working so that we can deliver on our
mission: to provide the best possible services and products to our customers,
contributing to growth, development, and vibrant local communities in South
Norway, while being among the country's most efficient and profitable financial
groups," says Reinertsen.

Stavanger, 10 February 2026.

Contacts:

Inge Reinertsen, Group CEO, +47 909 95 033 
Per Halvorsen, Deputy CEO, +47 934 07 441 
Øyvind Knoph Askeland, Communications Director, +47 922 32 639