The Norwegian FSA (NFSA) has updated its Supervisory Review and Evaluation
Process (SREP) for SpareBank 1 SR-Bank ASA, including a decision on the Pillar 2
Requirement and the Pillar 2 Guidance. The Pillar 2 Requirement and the Pillar 2
Guidance comes in addition to the capital requirements under Pillar 1.

According to the NFSA, the total capital requirement of SpareBank 1 SR-Bank ASA
under Pillar 2 is 1.6 percent of risk weighted assets under Pillar 1, unchanged
from the previous requirement. In addition, the FSA requires a temporary buffer
of 0.5 percent of RWA, until the bank's current application for IRB-model
adjustment has been approved. 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. 

The Pillar 2 Guidance of 1.25 percent is unchanged.

The NFSAs decision applies from 31th December 2023.

Stavanger, December 12, 2023

Contacts:

Morten Forgaard, Vice President Investor Relations, Tel. +47 916 21 425
Inge Reinertsen, CFO, Tel. +47 909 95 033

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.