Sandnes Sparebank (rated A- / Stable by Scope) has today placed a new dated Tier
2 bond issue with a volume of NOK 220 million.

The Tier 2 bond issue will have a floating rate coupon equal to 3-month NIBOR +
2.20% p.a., and a first call option for the issuer 5 years after the settlement
date, subject to an approval from the Financial Supervisory Authority of Norway,
if required.

Settlement date is 30 August 2022, and final maturity is on 1 December 2032.

In conjunction with the new issue, the issuer will buy-back NOK 53 million of
the outstanding Tier 2 bond issue with ISIN: NO0010816101 (SADG75 PRO) on the
same settlement date, subject to that the new issue is fully paid in.

The new issuance is approved by the general meeting of Sandnes Sparebank.
Approval from the Financial Supervisory Authority of Norway for both
transactions has also been given.

DNB Markets and SpareBank 1 Markets acted as joint lead managers.

Sandnes, 23 August 2022

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

This information is subject to the disclosure requirements pursuant to Section
5-12 the Norwegian Securities Trading Act

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