NOT FOR DISTRIBUTION OR RELEASE, IN WHOLE OR IN PART, DIRECTLY OR INDIRECTLY, IN
OR INTO USA, AUSTRALIA, CANADA, JAPAN, HONG KONG, SWITZERLAND OR SINGAPORE, OR
ANY OTHER JURISDICTION IN WHICH THE DISTRIBUTION OR RELEASE WOULD BE UNLAWFUL,
EXCEPT AS PERMITTED UNDER APPLICABLE SECURITIES LAW.

Reference is made to the stock exchange announcement dated 15 November 2024
regarding information about investors, that were allocated equity capital
certificates in the retail offering, right to, subject to specific terms,
receive bonus equity capital certificates ("Bonus ECC") in Sparebanken Sør after
the sale of existing equity capital certificates carried out by
Sparebankstiftelsen Sparebanken Sør (the "Foundation") in 2023 (the "Offering").

As described in the stock exchange announcement dated 28 November 2023, certain
primary insiders of Sparebanken Sør were also allocated equity capital
certificates with the right to Bonus ECCs in the retail offering of the Offering
on the same terms as other subscribers. 

The Foundation has today made the first distribution of Bonus ECC to qualifying
investors. A total of 143,588 Bonus ECCs have been distributed. The Bonus ECCs
will be registered on the VPS accounts of the qualified investors, including
primary insiders and their close associates as shown below: 

Name	Role	Bonus ECCs	No of ECCs after delivery of bonus ECCs
Erik Edvard Tønnesen	Board member	40	840
Geir Bergskaug	CEO	200	89 452
Knut Ruhaven Sæthre	Chairman of the Board	80	4280
Lord 1 AS	Related company to board member Erik E. Tønnesen	160	5361
Mette Ramfjord Harv	Deputy Chairman Board	20	420
Pål Ekberg	EVP Retail Market	64	3393
Rolf Horst Søraker	EVP Group Head Office	16	4993
Steinar Heggland Vigsnes	CFO	64	10 111
Tor Kim Steinsland	Deputy member of the Board	20	420
Trond Randøy	Board member	32	672

The Foundation has, following the first distribution of bonus equity capital
certificates, reduced its ownership stake in Sparebanken Sør by 0.34 %. The
Foundation now owns 10,782,177 equity capital certificates in Sparebanken Sør,
corresponding to 25.85 % of the issued equity capital certificates in
Sparebanken Sør.

For distributions to primary insiders and their close associates, the receipt
for the KRT-1500 form is attached.

For further information, please contact:
Norne Securities AS: +47 55 55 91 30
Pareto Securities AS: +47 22 87 87 00
Swedbank Norge: +47 23 23 80 00
Sparebankstiftelsen Sparebanken Sør, Eskild Stenhaug: +47 462 07 771
Sparebanken Sør, Steinar Vigsnes (CFO): +47 906 13 135

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