Reference is made to stock exchange notice dated 22 February 2024 stating that
the Supervisory Board in SpareBank 1 Østlandet and the General Meeting in Totens
Sparebank have approved the merger of the two banks.

The Norwegian Competition Authority has on 7 June 2024 cleared the transaction.

The merger is contemplated to be finalised around 1 November 2024.  The
implementation of the merger is still conditional on the Norwegian Financial
Supervisory Authority giving necessary approval without imposing conditions that
significantly alter the assumptions that the banks have made under the merger
plan.

Contact persons: 

SpareBank 1 Østlandet:
Chair of the board: Siri J. Strømmevold, tel. + 47 414 44 712
CEO: Klara-Lise Aasen, tel. + 47 476 35 583
CFO: Geir-Egil Bolstad, tel. + 47 918 82 071
Head of Investor Relations: Bjørn-Erik R. Orskaug, tel. + 47 922 39 185

Totens Sparebank:
Chair of the board: Geir Stenseth: tel. + 47 930 39 707
CEO: Rolf Endre Delingsrud, tel. + 47 917 28 668
Deputy CEO: Stig Håvard Blikseth, tel. + 47 958 64 601
CFO: Johan Øverseth Røstøen, tel. + 47 916 07 741

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© Oslo Bors ASA, source Oslo Stock Exchange