SBNOR: On track with the realization of Sparebanken Norge

Sparebanken Norge is delivering a return on equity above target while staying on
track to become Norway's national savings bank.

Sparebanken Norge reports a pre-tax profit of NOK 2,252 million in the second
quarter of 2026. The return on equity (ROE) is 14.0% while ROE adjusted for
merger effects amounted to 16.0% for the quarter. 

"Achieving a return on equity above target is a strong performance, particularly
as we are managing significant merger-related costs, realizing cost synergies
and investing in new distribution channels" says CEO Jan Erik Kjerpeseth.

Strong lending growth in both the corporate and retail markets                  
                                      Gross lending to customers amounted to NOK
504.9 billion at the end of the second quarter. Lending to retail customers
increased by 2.1% during the quarter, while lending to corporate customers
increased by 2.3%.

The bank is on track with the expansion into new market areas and, during the
quarter, completed the recruitment of all leadership positions, established
strong advisory teams, and increased market shares. Over the course of the next
12 months, Sparebanken Norge will establish a presence in three additional
places: Tromsø, Mo i Rana and Trondheim.

"It is encouraging to see that we continue to gain market share both in the
retail and corporate banking segments. The growth is a result of focused and
dedicated efforts across the Group over time and demonstrates the ability to
deliver on ambitions. At the same time, several of the new market areas are
still in the establishment phase, which supports our expectations of strong
growth in the years ahead," says Kjerpeseth.

Strong growth in other income                                                   
                                                                   
Net fee and commission income increased to NOK 521 million during the quarter.
The underlying performance was driven in part by strong results in payments,
insurance, asset management, and real estate brokerage.

The Group's product companies also made a positive contribution to overall
performance. Borea Asset Management delivered particularly strong results during
the quarter, with assets under management increasing by NOK 4.5 billion to NOK
29.8 billion at the end of the quarter, representing growth of 18% during the
quarter. 

As a result of this strong performance, the expectation for assets under
management is raised from NOK 34 billion to NOK 50 billion by the end of 2029.
Borea Asset Management is growing rapidly, broadening the Group's income base,
and has the potential to become an increasingly important contributor to Group
earnings in the years ahead.

"Our performance demonstrates the strength of our business model. We continue to
build on our strong positions in savings, financing, insurance, and capital
markets, and we see significant opportunities for further growth and value
creation across the Group," says Kjerpeseth.

Highlights - second quarter 2026 
o	Strong return on equity of 14.0 (17.1) % for the quarter
o	Solid net interest income of NOK 2,529 (2,365) million in the quarter
o	Positive underlying development resulted in net fee and commission income of
NOK 521 (437) million in the quarter
o	Low cost-to-income ratio of 31.5 (27.8) %, despite merger-related costs of
approximately NOK 26 million in the quarter
o	Continued low impairment losses on loans and guarantees of NOK 33 (180)
million in the quarter
o	Earnings per equity certificate of NOK 3.87 (4.33) in the quarter
o	Common Equity Tier 1 (CET1) ratio of 18.1 (18.4) %, well above the capital
target of 15.9 %

Sparebanken Norge invites investors, analysts, and members of the media to a
presentation of its results for the second quarter of 2026, followed by a
Capital Markets Day at which topics from the bank's strategic agenda will also
be presented.

Date: Tuesday, 11 August 2026
Time: 2:00 p.m. - 4:30 p.m. (CEST)
Venue: Dronningens gate 5, Kristiansand, Norway (Hotel Norge)
Programme
1:00 p.m. - Registration and lunch
2:00 p.m. - Introduction by CFO Hans Olav Ingdal
2:05 p.m. - Presentation of the second quarter 2026 results by CEO Jan Erik
Kjerpeseth                    
2:50 p.m. - Break
3:10 p.m. - Presentations from the bank's jointly owned product companies,
Frende Insurance, Brage Finance, Borea Asset Management and Norne Securities, by
Vegar Styve (CEO, Frende Forsikring), Bodil Huus Bolstad (CFO, Brage Finans),
Hilde Nødseth (CEO, Borea Asset Management) and Stig Sevaldsen (CEO, Norne
Securities).
 4:10 p.m. - Panel discussion on the realisation of Sparebanken Norge featuring
Nelly Sundfær Maske (Incoming Regional Director, Trondheim), Raymond
Brendeløkken (Regional Director, Tromsø), Stine Egeli Øvrebø (Head of AI
Acceleration) and Pål Ekberg (Head of Southern Norway and Group Executive Vice
President, Retail Banking South)                                                
                                                                                
                             4:30 p.m. - Closing remarks by CEO Jan Erik
Kjerpeseth.

All presentations will be streamed live at:
https://www.spv.no/om-oss/investor-relations

To register for the physical event or for any practical enquiries, please
contact Anne Lise Urdal at anne.urdal@spv.no

Questions may be submitted to investorrelations@sbnorge.no before or during the
presentation and will be addressed following the presentation. A recording of
the presentation will be made available at the same link later the same day.

An English-subtitled version of the presentation will be made available 12
August 2026.

For further information, please contact:  
o	Jan Erik Kjerpeseth, CEO, tel.: +47 951 98 430  
o	Hans Olav Ingdal, CFO, tel.: +47 948 09 328
o	Brede Borgen Kristiansen, Director of Finance and Investor Relations, tel.:
+47 479 06 402  
o	Hanne Dankertsen, Director of Communications, tel.: +47 994 49 173  

Sparebanken Norge is the largest savings bank in Norway, serving more than
800,000 retail and corporate customers, with gross lending of NOK 504 billion,
Norway's best mobile banking app, more than 1,600 full-time equivalents, and 71
branches across the country. Since 1823, we have built a strong position of
trust with our customers, giving us a solid market position. 

Through our affiliated product companies, we offer a complete range of financial
services for all our retail and corporate customers. We take pride in being an
independent financial group with headquarters in Bergen and 

Kristiansand, playing a central role in much of the value creation taking place
in Norway.

This information is subject to the disclosure requirements pursuant to Section
5-12 of the Norwegian Securities Trading Act.
ng a central role in much of the value creation taking place\
in Norway.\
\
This information is subject to the disclosure requirements pursuant to Section\
5-12 of the Norwegian Securities Trading Act.\