In a letter dated 21 November 2025, the Norwegian FSA (NFSA) has given SpareBank
1 Sør-Norge ASA ("the Bank") a final decision concerning the overall capital
requirement under Pillar 2 and the Pillar 2 Guidance, in connection with the
NFSA's updated assessment of the Banks risk and capital needs (SREP). The
decision will apply from 31 December 2025.

The Pillar 2 Requirement and the Pillar 2 Guidance come in addition to the
capital requirements under Pillar 1. The NFSA's preliminary assessment is that
the total capital requirement of SpareBank 1 Sør-Norge ASA under Pillar 2 is 1.4
percent of risk weighted assets under Pillar 1, down from 1.9 percent from the
previous SREP-assessment. 

Furthermore, the NFSA's assessment is that the bank must hold a temporary buffer
of 0.5 percent of risk weighted assets under Pillar 1, related to model risk. At
least 56.25 percent of the requirement shall be met with common equity tier 1
(CET1) capital, while 75 percent must be met with tier 1 capital. 

Furthermore, the NFSA's assessment is that the Pillar 2 Guidance should be
adjusted from 1.25 percent to 1.00 percent. 

Stavanger, 24 November 2025. 

Contacts: 

Morten Forgaard, Investor Relations, Tel. +47 916 21 425 
Eirik Monsen, CFO, Tel. +47 916 39 831

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