Frendegruppen has established an interim board to carry out the establishment of
the cooperative company. The interim board will function as a temporary board
until a permanent board is elected, tentatively in the second quarter of 2024.

Heidi Nag Flikka, CEO of Flekkefjord Sparebank, takes on the role of chair of
the interim board. Geir Bergskaug, managing director of Sparebanken Sør, steps
in as deputy chair. Other board members are Pål Strand (Sparebanken Øst), Jan
Erik Kjerpeseth (Sparebanken Vest), Bjørn Asle Hynne (Aasen Sparebank) and Vidar
Skaar (Varig Nordmøre og Romsdal). Bent Eidem (LOKALBANK) and Espen Nilsen (De
Samarbeidende Sparebanker) have roles as observers on the board.
- I am looking forward to contributing to further building the good cooperation
between the banks and insurance companies in the Frende family. A cost-effective
collaboration option that puts the banks at the centre, and which can contribute
to the banks continuing to be among the most well-run banks in the future as
well, says Heidi Nag Flikka.

Frendegruppen is an umbrella organization with no target for own profit and
where it is the companies themselves that have direct and optional ownership in
one or more of the product companies. The associated product companies are
Balder Betaling, Frende Forsikring, Brage Finans, Norne Securities and Verd
Boligkreditt.

Frendegruppen will coordinate and develop the cooperation between the members,
represent the banks in selected areas and make the cooperation visible as an
attractive alternative to closely integrated alliances.

On 23 January 2024, Hans Olav Ingdal stepped down from his role as Executive
Vice President for Banking Services at Sparebanken Vest to become CEO of the
Frendegruppen. Together with the interim board and a subsequent permanent board,
Ingdal will lead the administrative creation of the company, establish the
necessary regulatory framework and set strategic direction for the
collaboration.
- Our goal is to become the preferred partner company for banks that are
concerned with long-term independence and freedom of choice, says Ingdal.

Contact persons Frendegruppen:
Hans Olav Ingdal, CEO
frendegruppen@spv.no
+47 948 09 328

Heidi Nag Flikka, chair of the Interim Board
heidi.nag.flikka@flekkefjordsparebank.no
+47 992 16 769

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