As of Q3 2019, SpareBank1 Nord-Norge reported the following figures for the Group's capital adequacy ratio:

· CET1 capital ratio: 15.9 %
· Tier 1 capital ratio: 17.3 %
· Total capital ratio: 19.0 %
· Leverage ratio: 7.9 %

As a result of the BN Bank sell-off from 23.5% to 9.99% ownership in Q2 2019, the bank, as of Q3 2019, changed its capital adequacy treatment of BN Bank. This meant that BN Bank was no longer consolidated in the capital adequacy reporting, but was considered an equity position. The Financial Supervisory Authority of Norway (FSA) has pointed out to the bank that they have a different interpretation of the actual conditions and the capital adequacy rules than SpareBank 1 Nord-Norge. SpareBank1 Nord-Norge does not agree with the FSA's interpretation, but has nevertheless decided to consolidate BN Bank in the capital adequacy reporting.

Adjusted figures for the Group's capital adequacy ratio as of Q3 2019 are:

· CET1 capital ratio: 15.5 % (-0.4 %)
· Tier 1 capital ratio: 16.9 % (-0.4 %)
· Total capital adequacy: 18.6 % (-0.4 %)
· Leverage ratio: 7.7 % (-0.2 %)

SpareBank 1 Nord-Norge's capital situation is after the above corrections still very good.

Contacts:

CFO Bengt Olsen, tel. +47 975 89 560

CRO Liv Bortne Ulriksen, tel. +47 957 31 130

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

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