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: Enok Hanssen, Chief Commercial Officer, has exercised options to subscribe for 40,000 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 0.90 per share. Following the transaction Enok Hanssen and close associates hold 240,000 shares, 263,266 stock options and 800,000 warrants in Morrow Bank ASA. Wilhelm B. Thomassen, COO, has exercised options to subscribe for 109,090 shares in Morrow Bank ASA at a subscription price per share of NOK 1.01 plus a variable element equivalent to the social security tax at the date of exercise of NOK 0.46 per share. Following the transaction Wilhelm B. Thomassen and close associates hold 2,058,455 shares, 227,232 stock options and 800,000 warrants 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 26 May 2023 at 11:14 CEST.