Completed block purchase of existing Equity Capital Certificates in SpareBank 1 Helgeland

SpareBank 1 Nord-Norge (“SNN”) has completed a block trade of existing Equity Capital Certificates in SpareBank 1 Helgeland (“SB1H”). SNN has acquired 1 817 032 Equity Capital Certificates, corresponding to approximately 6.7% of SB1H’s outstanding Equity Capital Certificates, at a price of NOK 180 per Equity Capital Certificate. Following completion, SNN owns 26.7% of the Equity Capital Certificates in HELG. SNN has thereby crossed the disclosure thresholds of 20% and 25%.

SNN and SB1H share a common set of values, operate in the same part of Norway and already have a good relationship and close cooperation through joint ownership in real estate brokerage, object financing and accounting services. This will not change as a consequence of this transaction.

SNN wishes to strengthen its ownership position in SB1H based on its strong belief in the bank’s ability to deliver value over time, while also strengthening SNN’s strategic position for the future.

Through this acquisition, SNN will change the accounting and capital adequacy treatment of its ownership interest in SB1H. In the financial statements, the investment will be accounted for using the equity method, and proportional consolidation will be applied for capital adequacy purposes. This will reduce the volatility that fluctuations in SB1H’s market price have so far caused for SNN.

SNN has already received approval from the Norwegian Financial Supervisory Authority for the acquisition of up to 29.99% of the aggregate primary capital and ownership capital in SB1H. This corresponds to approximately 37.5% of the Equity Capital Certificates in SB1H.

Contact persons at SpareBank 1 Nord-Norge:

Group CEO Hanne K. Kræmer, tel. +47 414 70 483 Group CFO Bengt Olsen, tel. +47 975 89 560

Information about this announcement This information is considered to constitute inside information pursuant to Article 7 of the Market Abuse Regulation (MAR) and is disclosed in accordance with Article 17 of MAR and Section 3-5 of the Norwegian Securities Trading Act.