Sparebanken Vest (Issuer rating Aa3 by Moody's) has mandated DNB Markets, Norne
and SpareBank 1 Markets as Joint Lead Managers for potential issuance of Tier 2
bonds of up to NOK 500 million.

The Tier 2 bonds will have floating rate and a first call option for the issuer
minimum 5 years after the issue date, subject to an approval from the Financial
Supervisory Authority of Norway, if required.

In conjunction with the new issue, the bank will consider buy-back, in whole or
parts, of the outstanding Tier 2 bond issue with ticker SVEG95 PRO (ISIN:
NO0010820228).

The timing of the potential transaction is subject to market conditions.

Bergen, 3 February 2023

Contact person in Sparebanken Vest: 
John Hopp, Head of Treasury, tel: +47 450 81 776

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