Sparebanken Sør: Mandatory notification of trade

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 stock exchange notices published 21 November 2023 regarding (i) the bookbuilding period and application period of Sparebankstiftelsen Sparebanken Sør’s offer of existing equity capital certificates in Sparebanken Sør (the "Bank") (the "Offering") as described in the Prospectus (the “Prospectus”) published 20 November 2023 and available at the Bank’s and the managers webpages (www.sor.no, www.paretosec.com/transactions, www.swedbank.no and www.norne.no) and (ii) mandatory notification of trades, as well as stock exchange notice published 24 November 2023 regarding mandatory notification of trades. Definitions used in this stock exchange report shall have the same meaning as similar definitions used in the Prospectus. On 26 November 2023, an order has been received in the Employee Offering from primary insider and the Bank's Executive Vice President/Strategy Officer, Steinar Breen, for the purchase of Offer ECCs corresponding to a value of NOK 200,000. Orders received in the Employee Offering from primary insiders in the Bank for the purchase of Offer ECCs has consequently increased from NOK 2,015,000 to 2,215,000. On 26 November 2023 it has also been received an order in the Retail Offering from primary insider and Deputy chairperson Mette Ramfjord Harv for the purchase of Offer ECCs corresponding to a value of NOK 250,000. On 27 November 2023, an additional order has been received in the Retail Offering from primary insider and the Bank's CFO, Steinar Vigsnes, for the purchase of Offer ECCs corresponding to a value of NOK 300,000. Steinar Vigsnes' orders for purchase of Offer ECCs has consequently increased from NOK 700,000 to NOK 1,000,000. Orders received in the Retail Offering from primary insiders in the Bank for the purchase of Offer ECCs has consequently increased from NOK 9,049,999 to NOK 9,599,999. A complete notification of trade of the Offer ECCs by each of the primary insiders, as well as overview of the transactions pursuant to the EU Market Abuse Regulation article 19, will be given when the final offer price for the Offer ECCs has been decided and allocation has taken place, expected on or about 28 November 2023. Contact persons in Sparebanken Sør: CEO, Geir Bergskaug, tel.: +47 901 27 206 CFO, Steinar Vigsnes, tel.: + 47 906 13 135 Contact person in Sparebankstiftelsen Sparebanken Sør: CEO, Eskild Stenhaug, tel: +47 462 07 771 This information is subject to the disclosure requirements pursuant to the Market Abuse Regulation Article 19 and Section 5-12 of the Norwegian Securities Trading Act.