Sandnes - 14 February 2020

Reference is made to the stock exchange announcement published on 13 February
2020 by Sandnes Sparebank ("the Company") regarding a contemplated repurchase of
equity capital certificates ("ECCs") in the Company.

The Company has today purchased 2,080,000 ECCs in Sandnes Sparebank at a price
of NOK 75.00 per ECC, which is equivalent to NOK 156 million. 

After the transaction, the Company holds 2,098,629 ECCs in Sandnes Sparebank,
which corresponds to approximately 9.12% of outstanding ECCs. As a consequence
of the transaction, Sandnes Sparebank has reached the threshold of 5% with
respect to the outstanding ECCs in the Company.

The transaction size of NOK 156 million represents a reduction in the CET1 ratio
of approximately 1%-point, which was the intention of the repurchase of ECCs.
Adjusted for the ECCs owned by the Company, the proforma CET1 as of 31 December
2019 is approximately 16.4% and the adjusted ECC fraction is approximately
63.1%.

This information is subject to the disclosure requirements according to section
4-2 (second paragraph) and 4-3 of 
the Norwegian Securities Trading Act.


For further information, please contact: 


Tomas Nordbø Middelthon
Deputy CEO/CFO 
+47 922 11 865

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