The Norwegian Financial Supervisory Authority has approved the merger between Oslofjord Sparebank and Sparebanken Norge

Reference is made to the stock exchange notices dated 16 June 2025 stating that the Supervisory Board of Oslofjord Sparebank and the General Meeting of Sparebanken Norge have approved the merger of the two banks, as well as the notice dated 25 July 2025 stating that the Norwegian Competition Authority has cleared the transaction.

On 10 November 2025, the Financial Supervisory Authority of Norway (Finanstilsynet) has granted the necessary permits to carry out the merger between Oslofjord Sparebank and Sparebanken Norge in accordance with the decisions made by the banks' General Meeting / Supervisory Board on 16 June 2025.

The license is granted on the condition that Sparebanken Norge shall have a capital requirement (pillar 2 requirement) that constitutes 1.6 percentage points over the minimum pilar 1 requirement and the applicable buffer requirements. The requirement shall be met with a minimum of 56.25 percent common equity tier 1 capital and at least 75 percent core capital (Tier 1). The requirement shall apply at a consolidated level, including proportionate consolidation of undertakings in a cooperating group. The same requirement currently applies to Sparebanken Norge.

Sparebanken Norge shall have a capital requirement margin (pillar 2 guidance) that constitutes at least 1.0 percent of the risk-weighted assets. The pillar 2 guidance shall be met with common equity tier 1 capital. The pillar 2 guidance has been reduced by 0.1 percentage points compared to the current requirement.

The Financial Supervisory Authority of Norway has also granted the necessary authorisations for the establishment of Sparebankstiftelsen Oslofjord, which will be established by the Board of Directors in Oslofjord Sparebank in connection with the completion of the merger.

The planned completion date for the merger is 1 December 2025.

Contact persons: Sparebanken Norge Jan Erik Kjerpeseth, CEO, tel. +47 951 98 430 Hans Olav Ingdal, CFO, tel. +47 948 09 328 Brede Borgen Kristiansen, Director of Finance and Investor Relations, tel. +47 479 06 402 Hanne Dankertsen, Director of Communications, tel. +47 994 49 173

Oslofjord Sparebank Bjørn-Erik Øverland, CEO, tel. +47 900 44 754

This information is disclosed pursuant to the requirements in the continuing obligations for companies listed on Euronext Oslo Børs and the Securities Trading Act section 5-12.