Reference is made to the stock exchange notices of 14 May 2025, 16 June 2025, 25
July 2025 and 10 November 2025 regarding the merger of Oslofjord Sparebank and
Sparebanken Norge.

All conditions for the completion of the merger have been fulfilled. Therefore,
the boards of Oslofjord Sparebank and Sparebanken Norge have today, 14 November
2025, decided to complete the merger of the banks

The board of Sparebanken Norge has also set the subscription price for the new
equity capital certificates to be issued in connection with the capital increase
which will be carried out to issue equity capital certificates as consideration
in the merger of the banks. In connection with the completion of the merger, the
equity certificate capital in Sparebanken Norge will be increased by NOK
91,773,425 through the issuance of 3,670,937 new equity capital certificates,
each with a nominal value of NOK 25 and at a subscription price of NOK 112.22.
The subscription price equals the last estimated book value per equity capital
certificate at a group level at the time the board of directors decided to
complete the merger (as of third quarter 2025), in accordance with the merger
plan. All equity capital certificates will be issued to Sparebankstiftelsen
Oslofjord, which will be established by the board of Oslofjord Sparebank in
connection with the completion of the merger.  

The merger is planned to be completed on the 1 December 2025. Oslofjord
Sparebank has no owners and therefore no remuneration equity certificates will
be issued to owners of Oslofjord Sparebank.

Key information about the merger:

Transferring bank: Oslofjord Sparebank

Acquiring bank: Sparebanken Norge

Share capital after the merger: NOK 4,332,185,925

Ticker for the merged bank: SBNOR

ISIN after the merger (SBNOR, unchanged): NO0006000900

Total number of equity certificates issued after the merger: 173,287,437 equity
certificates, each with a nominal value of NOK 25. Each equity certificate
represents one vote at the equity certificate holders' election meeting.


Contact persons:  
Sparebanken Norge
Jan Erik Kjerpeseth, CEO, tel. +47 951 98 430
Hans Olav Ingdal, CFO, tel. +47 948 09 328
Brede Borgen Kristiansen, Director of Finance and Investor Relations, tel. +47
479 06 402
Hanne Dankertsen, Director of Communications, tel. +47 994 49 173

Oslofjord Sparebank
Bjørn-Erik Øverland, CEO, tel. +47 900 44 754

This information is disclosed pursuant to the requirements in the continuing
obligations for companies listed on Euronext Oslo Børs and the Securities
Trading Act section 5-12.