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 28 November 2023
regarding the successful bookbuilding and sale of existing equity capital
certificates ("Offer ECCs") in Sparebanken Sør, carried out by
Sparebankstiftelsen Sparebanken Sør (the "Foundation") (the "Offering"). 

The Offering consisted of (i) an institutional offering, (ii) a retail offering
to the public in Norway, and (iii) an employee offering. Investors allocated
ECCs in the retail offering have, under specific terms, the right to receive
bonus ECCs ("Bonus ECCs"). 

As described in the prospectus for the Offering dated 20 November 2023 and in
the stock exchange announcement of 20 November 2023, investors in the retail
offering have the right to receive, without further consideration, one (1) Bonus
ECCs for every tenth (10.) Offer ECCs allocated and delivered to such investor
up to an amount of NOK 500 000 (the allocated and delivered Offer ECCs that give
a right to Bonus ECCs are referred to as "Eligible ECCs"). 

The right for an investor to receive (i) the first 50% of its Bonus ECCs,
rounded down to the nearest whole Bonus ECC, and (ii) the remaining 50% of its
Bonus ECCs, rounded up to the nearest whole Bonus ECC, is conditional upon the
relevant investor not selling or otherwise transferring any of the Eligible
ECCs, including any received Bonus ECCs, between the date of delivery of the
Eligible ECCs and 12 months after delivery of the Eligible ECCs and 24 months
after delivery of the Eligible ECCs, respectively. 

Consequently, investors seeking to retain the right to receive Bonus ECCs must
have held their Eligible ECCs continuously from 29 November 2023 to and
including 28 November 2024.

Investors in the retail offering, assuming all conditions in the Prospectus are
met, may receive a total of up to 332 730 Bonus ECCs. The exact number of Bonus
ECCs to be issued in the first round will be determined and announced in a
separate stock exchange notice in connection with the delivery of Bonus ECCs.

It is expected that the Bonus ECCs will be registered in the eligible investors'
VPS accounts around 13 December 2024. 

Further reference is made to the stock exchange announcement dated 28 August
2024 regarding the planned merger of Sparebanken Sør and Sparebanken Vest (the
"Merger"). The banks aim to complete the Merger on 2 May 2025. The Foundation
intends to deliver the remaining 50% of its Bonus ECCs shortly before a Merger
is completed. 

The Bonus ECCs will be delivered by the Foundation, and the Foundation will
cover all costs associated with such delivery.

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 46 20 77 71
Sparebanken Sør, Steinar Vigsnes (CFO): +47 90 61 31 35

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