Reference is made to the stock exchange notice published on 30 November 2020
regarding the letter of intent with a view to a merger of SpareBank 1 BV and
Sparebanken Telemark.

The boards of the banks have today approved a plan for the merger of the banks.
SpareBank 1 BV will be the acquiring bank for legal and accounting purposes and
thus take over all of the assets, rights and liabilities of Sparebanken Telemark
on implementation of the merger. The merged bank will continue under the name
SpareBank 1 Sørøst-Norge.

Tønsberg 22.februar 2021

Contact persons:
SpareBank 1 BV
Finn Haugan, Chair, tel. 900 41 002
Rune Fjeldstad, CEO, tel. 900 79 017

Sparebanken Telemark
Anne Berg Behring, Chair, tel. 930 30 889
Per Halvorsen, CEO, tel. 934 07 441

This information is disclosed pursuant to the requirements of the Securities
Trading Act § 5-12

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© Oslo Bors ASA, source Oslo Stock Exchange