Mandatory notification of trade

The following primary insiders in Morrow Bank ASA (the "Bank") have in
accordance with the Bank's share option plan exercised stock options as set out
below: 

Annika Ramstedt, Chief Credit Risk Officer, has exercised options to subscribe
for 22,370 shares in Morrow Bank ASA at a subscription price per share of NOK
1.00 plus a variable element equivalent to the social security tax at the date
of exercise of NOK 0.73 per share. Following the transaction Annika Ramstedt and
close associates hold 170,792 shares, 284,151 stock options and 800,000 warrants
in Morrow Bank ASA.

This information is considered to be inside information pursuant to the EU
Market Abuse Regulation article 7 and is subject to the disclosure requirements
pursuant to section 5-12 of the Norwegian Securities Trading Act. This stock
exchange announcement was published by Henning Fagerbakke, Head of Finance,
Morrow Bank ASA, on 28 February 2024 at 13:58 CET.

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