NOT FOR DISTRIBUTION OR RELEASE, DIRECTLY OR INDIRECTLY, IN OR INTO THE UNITED
STATES OR ANY OTHER JURISDICTION IN WHICH THE DISTRIBUTION OR RELEASE WOULD BE
UNLAWFUL. PLEASE SEE THE IMPORTANT NOTICE AT THE END OF THIS COMMUNICATION

Sparebankstiftelsen SR-Bank (the "Foundation") has engaged Pareto Securities AS
and SpareBank 1 Markets AS (the "Managers") to explore a potential block
purchase of up to 2,557,510 existing shares in SpareBank 1 SR-Bank ASA (the
"Company"), corresponding to up to approximately 1% of the outstanding shares in
the Company (the "Offering"). The Foundation reserves the right, at its sole
discretion, to amend the offering size or to purchase no shares at all.

The Foundation currently holds 72,419,305 shares in the Company (equal to
approx. 28.32% of the outstanding shares). The Foundation is furthermore
represented on the Company's board of directors by Kjetil Skjæveland.

The Offering is carried out through an overnight reverse bookbuilding process.
The Managers will gather and accumulate sales orders from existing shareholders
in the Company. All existing shareholders in the Company are invited to offer
shares at a price level defined by the respective selling shareholder by
contacting the Managers (please find contact details below). The final purchase
price per share will be set based on the sales orders received at a level
representing a satisfactory price and offering volume (to be determined by the
Foundation at its sole discretion). The final purchase price will be identical
for all selling shareholders.

The reverse bookbuilding period commences at 16:30 hours (CET) on 15 November
2022 and is expected to close at 08:00 hours (CET) on 16 November 2022. The
Foundation may, at its sole discretion, extend or shorten the reverse
bookbuilding period at any time and for any reason without notice. If the
reverse bookbuilding period is extended or shortened, the other dates referred
to herein might be changed accordingly. 

Based on the above closing time, allocation and pricing is expected to be made
before 09:00 hours (CET) on 16 November 2022 (T), and settlement is expected to
take place on or about 18 November 2022 (T+2) through a delivery versus payment
transaction (DVP).

In the event that the total number of received sales orders at the final
purchase price exceeds 2,557,510 shares (or such number of shares that the
Foundation wishes to purchase), the allocation will, to the extent possible, be
made on a pro rata basis based on the volume offered by each selling shareholder
with the objective of treating all shareholders equally based on their indicated
interest in participating in the Offering at or below the final purchase price.

Existing shareholders in the Company wishing to participate in the Offering can
contact Pareto Securities AS at +47 22 87 87 50 or SpareBank 1 Markets AS at +
47 24 14 74 70 in order to place a sales order.

For further information, please contact: 
Kjetil Skjæveland, CEO, Sparebankstiftelsen SR-Bank, +47 909 96 604

***

Important information
The Offering and the distribution of this announcement and other information in
connection with the Offering may be restricted by law in certain jurisdictions.
The Foundation does not assume any responsibility in the event there is a
violation by any person of such restrictions. Persons into whose possession this
announcement or relevant information should come are required to inform
themselves about and to observe any such restrictions. The Offering is not being
made directly or indirectly in, or by use of the mails of, or by any means or
instrumentality of interstate or foreign commerce of, or any facilities of a
national securities exchange of, the United States of America, its territories
and possessions, any State of the United States and the District of Columbia
(the "United States"). This includes, but is not limited to, facsimile
transmission, internet delivery, e-mail, telex and telephones. Copies of this
release and any related documents are not being, and must not be, mailed,
e-mailed or otherwise distributed or sent in or into the United States and so
doing may invalidate any purported acceptance.

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