Sandnes Sparebank (Issuer rating A- by Scope) has mandated DNB Markets and
SpareBank 1 Markets as Joint Lead Managers for potential issuance of a new dated
Tier 2 bond issue with a volume of up to NOK 220 million.

The Tier 2 bond issue will have a floating rate coupon and a first call option
for the issuer minimum 5 years after the issue date, subject to an approval from
the Financial Supervisory Authority of Norway (the Norwegian FSA), if required.

In conjunction with the new issue, the bank will consider buy-back, in whole or
parts, of the outstanding Tier 2 bond issue with ticker SADG75 PRO (ISIN:
NO0010816101). Any buy-back volume will be limited to the new issuance volume.

The timing of the potential transactions is subject to market conditions. The
potential bond issue and buy-back have been approved by the Norwegian FSA and
the bank's Supervisory Board.

Sandnes, 22 August 2022

Contact person Sandnes Sparebank:
Johan Erik Flaatin, Head of Treasury Sandnes Sparebank, tel: +47 922 89 351

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