The Board of directors has, today, approved entering into an agreement with
SpareBank 1 Nordmøre on them purchasing the mortgage portfolio from Eika
Boligkreditt that Surnadal Sparebank had established in the company.
The background for the agreement is the merger between Surnadal Sparebank and
SpareBank 1 Nordvest into SpareBank 1 Nordmøre. The transfer of the mortgage
portfolio will be carried out in 2021Q3. In addition to paying the market value
of the mortgage portfolio, SpareBank 1 Nordmøre will pay the estimated costs
relating to the early redemption of their bank funding.

As of 2021Q1 Surnadal Sparebank's mortgage portfolio with Eika Boligkreditt AS
constituted NOK 1.5 billion, representing approximately 1.7% of the total
portfolio.

Contact persons in Eika Boligkreditt AS:
Kjartan M. Bremnes, CEO (kmb@eika.no)
Dag Olav Løseth, Chairman (dag.olav.loseth@orklasparebank.no)

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