Reference is made to the stock exchange notice published on30 November 2020 regarding the letter of intent with a view to a merger ofSpareBank 1 BV andSparebanken Telemark . The boards of the banks have today approved a plan for the merger of the banks.SpareBank 1 BV will be the acquiring bank for legal and accounting purposes and thus take over all of the assets, rights and liabilities ofSparebanken Telemark on implementation of the merger. The merged bank will continue under the name SpareBank 1 Sørøst-Norge. Tønsberg 22.februar 2021 Contact persons:SpareBank 1 BV Finn Haugan , Chair, tel. 900 41 002Rune Fjeldstad , CEO, tel. 900 79 017Sparebanken Telemark Anne Berg Behring , Chair, tel. 930 30 889 Per Halvorsen, CEO, tel. 934 07 441 This information is disclosed pursuant to the requirements of the Securities Trading Act § 5-12
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