SpareBank 1 SMN: New Capital Target CET1

Based on the Financial Supervisory Authority’s decision regarding a new Pillar 2 requirement (see separate stock exchange announcement dated 24 November 2025), the board of SpareBank 1 SMN decided on 18 December to set a new long-term target for Common Equity Tier 1 capital, effective from 31 December 2025. The target is set at a minimum of 15.9 percent.

SpareBank 1 SMN has also had a temporary capital add-on of 0.7 percentage points in Pillar 2 while awaiting approval and implementation of new IRB models for corporate clients. The Financial Supervisory Authority has approved the new models, and they have been implemented during the fourth quarter. As a result, the temporary requirement of 0.7 percentage points will be removed. The new models result in an increase in risk weights for corporate clients and increase in risk-weighted assets. The overall effect of the removal of the temporary capital requirement and the increased risk-weighted assets is approximately neutral.

Trondheim, 18 December 2025

Contacts: CFO Trond Søraas, tel. +47 922 36 803 CRO Ola Neråsen, tel. +47 918 09 722

This information is subject to the disclosure requirements pursuant to Section 5-12 the Norwegian Securities Trading Act.