Sparebanken Sør (rated A1/ Stable by Moody's) has today issued two new perpetual
Additional Tier 1 bonds with a combined volume of NOK 500 million. 

o	FRN: NOK 350 million, coupon 3 month NIBOR + 3.20% p.a.
o	Fixed: NOK 150 million, coupon 6.99% p.a.

Settlement date for both tranches is 20 February 2023. Both issues have a first
call option for the issuer on 20 May 2029, subject to approval from the
Financial Supervisory Authority of Norway, if required.

The new issuance is approved by the issuer's general meeting. 

DNB Markets, Nordea and Norne Securities acted as joint lead managers. The bond
issues will be applied for listing on Nordic ABM.

Kristiansand, 13 February 2024 

Contact persons in Sparebanken Sør: 

Geir-Are Kårvik, Head of Treasury, tel. +47 934 96 044
Eirik Letnes Wuttudal, tel. +47 905 10 964

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

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