In advance of the presentation of the result for the second quarter of 2020,
SpareBank 1 SR-Bank ASA wants to notify stakeholders of a certain accounting
matter. The group's net impairments on loans and financial liabilities are
expected to be around NOK 830 million for the second quarter of 2020. The higher
impairments are a result of ongoing demanding market conditions for offshore
related activities, where also larger impairments have been required for some
commitments.

Return on equity after tax for the second quarter is then expected to end at a
level around 4%.

The level of impairments on loans and financial liabilities is expected to be
much lower going forward, but there at still uncertainty in the market
conditions.

The final results, updated targets and estimates, and further details will be
published in connection with the presentation of the results for the second
quarter on 6 August at 07:30 AM.

Stavanger, 17 July 2020


Contact persons:
Inge Reinertsen, CFO, Tel. +47 909 95 033
Arne Austreid, CEO, Tel. + 47 900 77334
Stian Helgøy, Vice President Investor Relations, Tel. +47 906 52 173

This information is disclosed in compliance with section 5-1 of the Securities
Trading Act.

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