The merger ofSpareBank 1 Østlandet andTotens Sparebank has been approved by the meeting of the Supervisory Board ofSpareBank 1 Østlandet. A decision fromTotens Sparebank is expected later today. Reference is made to the stock exchange notice of15 January 2024 , regarding the decision by the boards ofSpareBank 1 Østlandet andTotens Sparebank to adopt a plan for merging the banks (merger plan), and the stock exchange notice of26 January 2024 , about the summons to an extraordinary meeting in the Supervisory Board ofSpareBank 1 Østlandet on22 February 2024 . In the extraordinary meeting on22 February 2024 , the Supervisory Board ofSpareBank 1 Østlandet has approved the merger of the banks by transferring the assets, rights, and obligations ofTotens Sparebank toSpareBank 1 Østlandet. Reference is also made to the minutes from the meeting (in Norwegian) where the decision was made in accordance with the summons. The implementation of the merger is still conditional upon the necessary approvals from the General Meeting inTotens Sparebank , expected later tonight, as well as approvals from relevant supervisory authorities without imposing conditions that significantly alter the assumptions that the banks have made under the merger plan. The aim is to complete the merger on1 October 2024 . AdvisorsSpareBank 1 Østlandet has engagedSpareBank 1 Markets AS as financial adviser andAdvokatfirmaet Selmer AS as legal adviser in connection with the merger.Totens Sparebank has engagedABG Sundal Collier ASA as financial adviser andAdvokatfirmaet BAHR AS as legal adviser. Contact Information: Chair of the board: Siri J. Strømmevold, tel. + 47 414 44 712 CEO:Richard Heiberg , tel. + 47 902 06 018 CFO:Geir-Egil Bolstad , tel. + 47 918 82 071 Head of Investor Relations:Bjørn-Erik R. Orskaug , tel. + 47 922 39 185 The above information is subject to the requirements of announcement pursuant to the Securities Trading Act section 5-12.
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