Mandatory notification of trade

The following primary insiders in Morrow Bank ASA (the “Bank”) have in accordance with the Bank's share option plan exercised stock options as set out below: Eirik Holtedahl, CFO, has exercised options to subscribe for 66,598 shares in Morrow Bank ASA at a subscription price per share of NOK 1.00 plus a variable element equivalent to the social security tax at the date of exercise of NOK 0.47 per share. Following the transactions Eirik Holtedahl and close associates hold 1,663,538 shares, 43,532 stock options and 800,000 warrants in Morrow Bank ASA. Enok Hanssen, Chief Commercial Officer, has exercised options to subscribe for 90,910 shares in Morrow Bank ASA at a subscription price per share of NOK 1.00 plus a variable element equivalent to the social security tax at the date of exercise of NOK 0.92 per share. Following the transaction Enok Hanssen and close associates hold 200,000 shares, 303,266 stock options and 800,000 warrants in Morrow Bank ASA. Henning Fagerbakke, Head of Finance, has exercised options to subscribe for 72,743 shares in Morrow Bank ASA at a subscription price per share of NOK 1.00 plus a variable element equivalent to the social security tax at the date of exercise of NOK 0.47 per share. Following the transaction Henning Fagerbakke and close associates hold 384,916 shares and 45,271 stock options in Morrow Bank ASA. This information is considered to be inside information pursuant to the EU Market Abuse Regulation article 7 and is subject to the disclosure requirements pursuant to section 5-12 of the Norwegian Securities Trading Act. This stock exchange announcement was published by Henning Fagerbakke, Head of Finance, Morrow Bank ASA, on 25 May 2023 at 15:06 CEST.