Reference is made to the stock exchange notices of 28 August 2024, 2 October
2024, 29 November 2024 and 20 March 2025 regarding the merger of Sparebanken
Vest and Sparebanken Sør. 

All conditions for the completion of the merger have been fulfilled. Therefore,
the boards of Sparebanken Vest and Sparebanken Sør have today, 23 April 2025,
decided to complete the merger of the banks. 

The board of Sparebanken Vest 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 Vest will be increased by NOK
1,497,382,850 through the issuance of 59,895,314 new equity capital
certificates, each with a nominal value of NOK 25 and at a subscription price of
NOK 89.1. The subscription price equals the last estimated book value per equity
capital certificate at a company level at the time the board of directors
decided to complete the merger, in accordance with the merger plan. All equity
capital certificates will be issued to the existing equity certificate holders
in Sparebanken Sør.  

The merger is planned to be completed on the 2 May 2025. 

Contact persons:  
Sparebanken Vest 
CEO: Jan Erik Kjerpeseth, tel.: +47 951 98 430 
CFO: Frank Johannesen, tel.: +47 952 65 971  

Sparebanken Sør 
CEO: Geir Bergskaug, tel.: +47 901 27 206 
CFO: Steinar Vigsnes, tel.: +47 906 13 135 

This information is disclosed pursuant to the requirements of the Securities
Trading Act § 5-12.