The employees ofSparebanken Vest have committed to purchasing equity certificates as part of the bank's savings program ("SVEG-programmet"). Price is set based on market prices in the subscription period. In the bank's ordinary savings program for employees ("Spareordningen"),Sparebanken Vest has received subscriptions for equity certificates corresponding to a value ofNOK 14,910,000 , including subscriptions by primary insiders. The equity certificates under "Spareordningen" will be sold to the employee, following a discount in accordance with Norwegian tax law. In the bank's extended program ("Utvidet spareordning),Sparebanken Vest has received subscriptions for equity certificates corresponding to a value ofNOK 16,680,000 , including subscriptions by primary insiders. The equity certificates under "Utvidet spareordning" will be sold to the employee at a discount and a 36 month lock-up obligation. In both programs,Sparebanken Vest has received subscriptions for equity certificates corresponding to a value ofNOK 31,590,000 in total. Allocation will take place on or around6th December 2021 . Allocation will be from the bank's own holding of equity certificates. The attached list shows amounts subscribed for by primary insiders. Bergen,4th November 2021 Sparebanken Vest For further information, contact: CEO, Jan Erik Kjerpeseth, tel.: +47 951 98 430 and e-mail: jan.kjerpeseth@spv.no CFO,Frank Johannesen , tel.: +47 952 65 971 and e-mail: frank.johannesen@spv.no Director Finance & Investor Relations,Hans Olav Ingdal , tel.: +47 948 09 328 and e-mail: hans.ingdal@spv.no This information is subject to disclosure requirements pursuant to Section 5-12 in the Norwegian Securities Trading Act, cf. Section 4-2.
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