NOT FOR DISTRIBUTION OR RELEASE, DIRECTLY OR INDIRECTLY, TOUNITED STATES NEWS WIRE SERVICES OR FOR DISSEMINATION IN OR INTOTHE UNITED STATES ,AUSTRALIA ,CANADA ,JAPAN ,HONG KONG ORSOUTH AFRICA , OR ANY OTHER JURISDICTION IN WHICH THE DISTRIBUTION OR RELEASE WOULD BE UNLAWFUL, EXCEPT AS PERMITTED UNDER APLLICABLE SECURITIES LAW. Reference is made to the stock exchange announcement published22 November 2019 in connection with the successful sale of ECCs inSparebanken Vest (the "Bank") by Sparebankstiftelsen Sparebanken Vest (the "Foundation") (the "Offering"), as well as stock exchange announcements dated12 November 2020 and9 December 2020 regarding the first delivery of bonus EECs. Investors allocated ECCs in the retail tranche of the Offering have, subject to certain conditions being fulfilled, the right to receive bonus ECCs (the "Bonus ECCs") in two rounds (after 12 and 24 months respectively from delivery of ECCs in the Offering) as further described in the Bank's prospectus dated13 November 2019 (the "Prospectus"). The Bonus ECCs will be delivered by the Foundation. In summary, the conditions for receiving Bonus ECCs are as follows: o Investors in the retail offering will have the right to receive, without further consideration, one (1) equity capital certificate (the "Bonus ECCs") for every ten (10) offer ECCs allocated and delivered to such investor up to an amount ofNOK 500,000 (the "Eligible ECCs"). o The right for an investor to receive (i) the first half of its Bonus ECCs, rounded down to the nearest whole Bonus ECC, and (ii) the remaining half of its Bonus ECCs, rounded up to the nearest whole Bonus ECC, is conditional upon the relevant investor not selling or otherwise transferring any of the Eligible ECCs, including any received Bonus ECCs, between the date of delivery of the Eligible ECCs and 12 months after delivery of the Eligible ECCs and 24 months after delivery of the Eligible ECCs, respectively. Consequently, the investors cannot have sold or otherwise transferred any of the received Eligible ECCs (including previously awarded Bonus ECCs) from and including22 November 2019 and to and including26 November 2021 in order to retain the right to receive Bonus ECCs in the second and final allocation of Bonus ECCs. Based on the Offering, investors in the retail offering had the right to receive in total 706,798 Bonus ECCs subject to the conditions outlined in the Prospectus being fulfilled for all investors. In the first allocation of Bonus ECCs, a total of 304,011 Bonus ECCs were allocated. The final number of Bonus ECCs that will be delivered in the second and final round will be determined and announced in a separate stock exchange notice in connection with the delivery of Bonus ECCs. It is expected that the Bonus ECCs will be delivered to the VPS account of eligible investors on or about9 December 2021 . The Foundation will cover all costs in this respect. For further information, please contact:Swedbank Norge : +47 23 23 80 00 Norne Securities AS: +47 55 55 91 30Pareto Securities AS : +47 22 87 87 00 Sparebankstiftelsen Sparebanken Vest, Bjørn Thømt: +47 913 23 467Sparebanken Vest ,Hans Olav Ingdal : +47 948 09 328 This information is subject to the information requirements pursuant to the Norwegian Securities Trading Act section 5-12.
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