Reference is made to stock exchange notice dated 25 March 2021 stating that the
Supervisory Boards in SpareBank 1 BV and Sparebanken Telemark have approved the
merger of the two banks.

Today, 9 April 2021, the Norwegian Competition Authority has cleared the
transaction.

The merger is contemplated to be finalised on 1 June 2021. 

Contact persons: 

SpareBank 1 BV: 
Rune Fjeldstad, CEO, tel. + 47 900 79 017 
Finn Haugan, Chair, tlf. + 47 900 41 002 

Sparebanken Telemark: Per Halvorsen, CEO, tel. +47 934 07 441 Anne Berg Behring,
Chair, tel. +47 930 30 889 

This information is disclosed pursuant to the requirements of the Securities
Trading Act § 5-12

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