Mandatory notification of trade

In accordance with the Banks’s policy for variable remuneration to senior executives and share option plan, the following primary insiders in Morrow Bank ASA have been allocated share options as outlined below: Øyvind Oanes (CEO), has been allocated 462,980 share options based on an option value of NOK 1.81. Following the transaction Øyvind Oanes and close associates hold 452,272 shares, 462,980 share options and 1,250,000 warrants in Morrow Bank ASA. Eirik Holtedahl (CFO), has been allocated 272,001 share options based on an option value of NOK 1.81. Following the transaction Eirik Holtedahl and close associates hold 2,642,107 shares, 286,964 share options and 800,000 warrants in Morrow Bank ASA. Annika Ramstedt (CRO), has been allocated 318,240 share options based on an option value of NOK 1.58. Following the transaction Annika Ramstedt and close associates hold 170,792 shares, 602,391 share options and 800,000 warrants in Morrow Bank ASA. Tony Rogne (CCO), has been allocated 231,490 share options based on an option value of NOK 1.81. Following the transaction Tony Rogne and close associates hold 231,490 share options and 800,000 warrants in Morrow Bank ASA. Wilhelm B. Thomassen (COO), has been allocated 272,001 share options based on an option value of NOK 1.81. Following the transaction Wilhelm B. Thomassen and close associates hold 2,108,455 shares, 499,233 share options and 800,000 warrants in Morrow Bank ASA. The strike price is set to yesterday's end-of-day intraday price, NOK 9.12 per share option, and the options will cliff vest two years after the grant date. The option value is established based on full market value calculated using observed trading prices and Black and Scholes's option pricing model, including an element of social security tax. As the social security tax rate in Sweden is higher, option value is different between primary insiders. Each option is issued with Morrow Bank ASA as issuer and provides the holder with a right to subscribe one share. 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 13 December 2024 at 12:00 CET.