The Board of Directors of SpareBank 1 SR-Bank ASA has appointed Inge Reinertsen
(53) as the new CEO. He will also be the CEO of the new SpareBank 1 Sør-Norge
ASA after the imminent merger on October 1st.

Reinertsen assumes the role of CEO on Monday, September 16th. He replaces
Benedicte Schilbred Fasmer as CEO, as she is leaving for the position as CEO at
Telenor ASA. Reinertsen holds a degree in economics from the Norwegian School of
Economics in Bergen and has extensive leadership experience in both the personal
and corporate market within the SpareBank 1 SR-Bank group since 2001. For the
past 14 years, he has served as CFO.

"The Board is very pleased that Inge Reinertsen has accepted the position. He
has extensive experience in the financial industry, Norwegian and international
capital markets, in addition to having worked closely with customers and the
SpareBank 1 alliance. We have conducted a thorough process over the past few
months, and it is clear to us that no one is better suited than Inge to lead the
group into a new phase as SpareBank 1 Sør-Norge following the merger with
SpareBank 1 Sørøst-Norge," says Dag Mejdell, Chairman of the Board at SpareBank
1 SR-Bank.

"I am proud to take on the captain's armband and lead an organization like
SpareBank 1 SR-Bank, which I have been a part of for 23 years. Together with our
customers, SpareBank 1 Sør-Norge will have great strength and lifting power, so
that we can contribute to growth and development. My goal is to further
strengthen our position and the services offered to our customers," says Inge
Reinertsen, incoming CEO of SpareBank 1 SR-Bank and SpareBank 1 Sør-Norge.

On October 1st, 2024, the legal merger between SpareBank 1 SR-Bank and SpareBank
1 Sørøst-Norge will be completed. Inge Reinertsen has been a key resource in
this process. SpareBank 1 Sør-Norge will become one of the country's largest
financial groups, with about 2,500 employees, offices throughout South Norway,
and close to NOK 400 billion in gross loans to personal and corporate customers.

"Inge is a skilled strategist, resourceful, and results-oriented. All of this
will be important as he now leads and further develops the new group. The Board
is confident that Inge, who enjoys broad trust among the employees in the group,
will create a forward-looking and efficient financial group," says Mejdell.

"I look forward to driving the development further in SpareBank 1 Sør-Norge.
Together with fantastic colleagues, we will build a strong culture, for the
benefit of our customers, owners, and employees," says Reinertsen.

Roar Snippen, CFO in SpareBank 1 Sørøst-Norge, will be acting CFO in SpareBank 1
Sør-Norge from October 1st. At the same time SpareBank 1 Sør-Norge will initiate
the process of finding a permanent CFO.

Chairman and CEO meets the press

Chairman of the Board Dag Mejdell and incoming CEO Inge Reinertsen invites
journalists to a press meeting today, Thursday, September 12th, at 9:00 AM CEST.
The press meeting will take place at Finansparken, Christen Tranes gate 35 in
Stavanger.

Please register by email to oeyvind.knoph.askeland@sr-bank.no. Individual
interviews will be conducted. Phone interviews will be conducted afterward.

Stavanger, September 12th, 2024.

Contacts:

Dag Mejdell, Chairman of the Board at SpareBank 1 SR-Bank ASA, phone +47 905 62
970
Inge Reinertsen, incoming CEO and CFO, phone +47 909 95 033
Øyvind Knoph Askeland, Communications Director, phone +47 922 32 639

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