Reference is made to the stock exchange announcement dated 14 March 2019 on the
introduction  of a share savings program for employees of SpareBank 1 SR-Bank .
The purpose of the programme is to motivate employees to become co-owners of the
bank and also to raise interest concerning the bank's strategy and results. The
Board of Directors of SpareBank 1 SR-Bank has decided to continue the scheme for
2020.

Employees are invited to save a fixed amount per month to buy shares in the
bank. Employees who register for the savings programme can choose to subscribe
the shares corresponding to either NOK 6,000, NOK 12,000, NOK 24,000 or NOK
30,000 in total for the period from January to December 2020. The savings amount
the individual chooses to save in 2020 will be shared equally over 12 months and
will be paid through monthly salary deductions.

 SpareBank 1 SR-Bank will purchase shares on behalf of the employees who take
part in the savings programme. The bank will give the employees a 30% discount
on the average purchase price. The employees must agree to a 2-year tie-in
period for the shares.  SpareBank 1 SR-Bank aims to purchase shares in the
market each quarter on the day or the days after presentation of the results for
the 1st, 2nd and 3rd quarters of 2020 respectively, and in the beginning of
December 2020. The purchase price and number of shares acquired by the bank will
be reported in accordance with applicable regulations.
Enclosed please find a summary of the primary insiders at SpareBank 1 SR-Bank
who have registered for the 2020 equity savings programme. The amounts stated
are the total amounts for 2020 the individual has subscribed for. The number of
shares allocated to individual primary insiders under the savings programme will
be announced at the times for resale of the shares to the employees.

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© Oslo Bors ASA, source Oslo Stock Exchange