Reference is made to the previous stock exchange notices dated 30 November 2020,
22 February 2021, 25 March 2021, 27 April 2021 and 26 May 2021.

Today, the merger between SpareBank 1 BV and Sparebanken Telemark has been
registered in the Norwegian Register of Business Enterprises and is thus
completed. SpareBank 1 BV is the assignee bank and has changed its name to
SpareBank 1 Sørøst-Norge. Per Halvorsen has been registered as the new CEO in
the bank.
 
Concurrently, the bank has also registered an equity certificate capital
increase totalling NOK 676 349 925 by issuance of 45 089 995 equity
certificates, each with a nominal value of NOK 15 and at a subscription price
equalling NOK 39,31 per equity certificate. 37 116 986 equity certificates have
been issued to former equity certificate holders in Sparebanken Telemark and 7
973 009 equity certificates have been issued to Sparebankstiftelsen Telemark -
Grenland as consideration for the business which has been transferred from
Sparebanken Telemark.
 
Further, the bank has also registered an increase in the equity certificate
capital equalling NOK 157 478 535 by conversion of primary capital to equity
certificate capital by issuance of 10 498 569 equity certificates to SpareBank 1
Stiftelsen BV. 

Post-issuance of the new equity certificates, the total equity certificate
capital in the bank equals NOK 1 780 348 755 divided on 118 689 917 equity
certificates, each with a nominal value of NOK 15. 
An EEA-prospectus, with more detailed information on the merger, has been
published on 1 June 2021. The prospectus will be available by inquiry to
SpareBank 1 Sørøst-Norge, SpareBank 1 Markets AS or Arctic Securities AS, and on
the bank's homepage. 

Contact:
Per Halvorsen, CEO, tel. +47 934 07 441
Finn Haugan, chairman, tel. + 47 900 41 002

This information is disclosed pursuant to the requirements of the Securities
Trading Act § 5-12.