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Regulatory press release

SOR: Sparebanken Sør continues savings program for employees

Sparebanken Sør
In order to facilitate employee ownership in the bank the board of Sparebanken
Sør has decided to continue the savings program for full-time employees in the
bank.

Full-time employees in the bank are invited to buy equity certificates in the
bank for amounts between NOK 15,000 and NOK 65,000, with a 20% discount to the
market price. The purchase is financed by deducting an equal amount from the
salary over the next 12 months. The discount is given subject to a 24-month lock
up period.

The savings program is implemented as a resale where the bank will sell from its
own holdings of equity certificates. If the bank's employees order a higher
number of equity certificates in the savings program than the bank's own
holdings, the bank will carry out a buyback of equity certificates in connection
with the savings program.

This information is subject to the disclosure requirements pursuant to
verdipapirhandelloven § 5-12. (the Norwegian Securities Trading Act)

For further information, please contact: Steinar Vigsnes, CFO, +47 906 13 135,
Steinar.Vigsnes@sor.no
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