Pursuant to Section 13-6, seventh paragraph, second section of the Financial Institutions Act, The Financial Supervisory Authority of Norway (FSA) has decided that in excess of the minimum and buffer capital requirements, Sbanken ASA shall have a Pillar 2 capital requirement of 1.5% of risk weighted assets, corresponding to at least NOK 495 million. The Pillar 2 capital requirement shall be Core Equity Tier 1 capital (CET1), and cover risks not captured by the minimum capital requirement.

The requirement of 1.5 % is based on an evaluation of the risks to which Sbanken is exposed, in particular market risk, credit risk, operational risk in addition to business risk and strategic risk.

The Pillar 2 capital requirement comes into effect 30.06.19. From this date, the CET1 requirement for Sbanken ASA will be 13.5%, an increase of 0.3 percentage points from the existing requirement. As of 31.12.18 Sbanken ASA had a CET1 ratio of 14.6%.

Contact information investor relations:

Henning Nordgulen, CFO Sbanken ASA, +47 952 65 990
Eirik N. Christensen, CRO Sbanken ASA, +47 995 21 978

This information is subject to the information requirements pursuant to the Norwegian Securities Trading Act section 5-12