NOT FOR DISTRIBUTION OR RELEASE, DIRECTLY OR INDIRECTLY, IN OR INTO THE UNITED
STATES OR ANY OTHER JURISDICTION IN WHICH THE DISTRIBUTION OR RELEASE WOULD BE
UNLAWFUL.

The subscription period for the public offering in SpareBank 1 Helgeland expired
on 24 September 2021 at 16:30 (CET), and the preliminary results were disclosed
the same day.

A total amount 9 438 022 equity capital certificates were subscribed. A total
amount of 6 128 703 new equity capital certificates were offered in the capital
increase, whereby 5 397 325 equity capital certificates were offered to
SpareBank 1 Nord-Norge and 731 378 equity capital certificates were offered to
the public with allocation rights to existing shareholders. Thus, the public
offering was oversubscribed.

Today, the board of directors in SpareBank 1 Helgeland has resolved the
allocation of equity capital certificates offered in the public offering. The
allocation has been made in accordance with the criteria included in the
prospectus dated 10 September 2021 (the "Prospectus"). No allocation was made to
subscribers without allocation rights. 

Allocation letters pertaining to the new equity certificates will be circulated
by the bank including corresponding amounts to be paid by each subscriber. The
subscription amounts will fall due on 30 September 2021, cf. the payment
procedures described in the Prospectus. 

The new equity capital certificates cannot be transferred nor traded until they
have been paid in full and the capital increase has been registered in the
Norwegian Register of Business Enterprises. Provided that the subscription
amounts have been paid in full on the aforementioned due date, it is expected
that the capital increase will be registered on or about 5 October 2021.
 
The new equity capital certificates are expected to be transferred to the
respective VPS accounts for each subscriber and is expected to be listed on Oslo
Børs on or about the same date. The new equity capital certificate capital in
the articles of association will, after the registration of the capital
increase, be NOK 270 001 300 divided on 27 000 130 equity certificates, each
with a nominal value of NOK 100.
 
Arctic Securities AS, Pareto Securities AS, SpareBank 1 Markets, Ernst & Young
AS og Advokatfirmaet Selmer AS have been advisors in connection with the capital
increase. 

Contact persons in SpareBank 1 Helgeland:
CEO. Hanne Nordgaard, tel. 481 11 876
CFO Sverre Klausen, tel. 916 88 286

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

* * * * * 

Disclaimer 
This announcement is not for publication or distribution, directly or
indirectly, in the United States (including its territories and possessions, any
state of the United States and the District of Columbia). This announcement does
not constitute or form part of any offer or solicitation to purchase or
subscribe for securities in the United States. Securities may not be offered or
sold in the United States absent registration or an exemption from registration.
The equity capital certificates to be sold in the issue have not been and will
not be registered under the United States Securities Act of 1933, as amended
(the "US Securities Act") or with any securities regulatory authority of any
state or other jurisdiction of the United States, and may not be offered or sold
in the United States or to, or for the account of, U.S. persons (as such term is
defined in Regulation S under the US Securities Act). All offers and sales
outside the United States will be made in reliance on Regulation S under the US
Securities Act. There will be no public offer of securities in the United
States. This announcement does not constitute an offering circular or prospectus
in connection with an offering of securities of the Company. Investors must
neither accept any offer for, nor acquire, any securities to which this document
refers, unless they do so on the basis of the information contained in the
prospectus made available by the Company only to qualified persons in certain
jurisdictions where an offer may be made (if an offer is made). This
announcement does not constitute an offer to sell or the solicitation of an
offer to buy or subscribe for, any securities and cannot be relied on for any
investment contract or decision.

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