Reference is made to the stock exchange notice earlier today that the
supervisory board of SpareBank 1 SMN has approved the merger with SpareBank 1
Søre Sunnmøre. SpareBank 1 SMN has just been informed that the general meeting
of SpareBank 1 Søre Sunnmøre has made a corresponding decision.

The implementation of the merger is still conditional upon the necessary
approvals from authorities and contracting parties on acceptable terms. The
merger is contemplated to be finalized in the second quarter of 2023.

Contact persons:

SpareBank 1 SMN
For investors: CFO Trond Søraas, tel. +47 922 36 803
For the press: Executive director Rolf Jarle Brøske, tel. +47 911 12 475

SpareBank 1 Søre Sunnmøre
Chairman: Kjell Arvid Storeide, tel. +47 915 70 925
CEO: Stig Olav Brautaset, tel. +47 908 26 448

This information is disclosed pursuant to the requirements of the Securities
Trading Act § 5-12.

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