Benedicte Schilbred Fasmer has been appointed the new group chief executive of
SpareBank 1 SR-Bank. She succeeds Arne Austreid, who will step down from his
post as scheduled at the end of the current year. Schilbred Fasmer is looking
forward to leading one of the largest and foremost Norwegian financial groups.

The board of SpareBank 1 SR-Bank took a broad, unrushed and thorough approach to
finding the right candidate to succeed Arne Austreid in the post of group chief
executive.

"The board spent a lot of time finding the right candidate who can develop
SpareBank 1 SR-Bank further for the benefit of the group's customers, owners and
employees. Given our good relationships with our almost 300,000 customers and
our local communities, we enjoy a high level of trust. This is an asset that
will also mean a lot for the group's continued development going forward," says
Dag Mejdell, chair of the board of SpareBank 1 SR-Bank.

Benedicte Schilbred Fasmer has 25 years of management experience from the
financial services, industry and shipping. She currently heads up corporate
market in Fremtind Forsikring. Prior to this she gained solid banking experience
from DNB during 6 years of holding various management positions, the last 4
years of which she served as Executive Vice President, Corporate Market.
Benedicte also has broad management experience from places such as Citibank,
Sparebanken Vest and Argentum Fondsinvesteringer. Benedicte is very familiar
with the business community in Southern Norway, both through her many years in
the financial services industry and through serving on a number of boards,
including in Norges Bank and Oslo Børs. Benedicte has an MBA from the Norwegian
School of Economics and comes from Bergen.

"I'm very pleased to have been given this opportunity. I have a great deal of
respect for the work the group's employees put into creating good customer
experiences. The competition for customers is fierce and it is impressive to
note that SpareBank 1 SR-Bank is one of the winners. Despite periods of falling
oil prices and lower activity in some of its market areas, the group has
delivered good results year after year under Arne Austreid's leadership. This
provides a good basis for further developing and strengthening the group's many
business areas in the coming years as well," says Benedicte Schilbred Fasmer.

SpareBank 1 SR-Bank has taken a clear position in Southern Norway with 38
branches in Vestland, Rogaland, Agder and Oslo, combined with modern, customer
-friendly and leading digital solutions. With its head office in Stavanger, the
group consists of around 1,300 employees with broad expertise and detailed local
knowledge who cover a region stretching from Oslo in the east to Bergen in the
west. Besides substantial banking operations with a wide range of products and
services, for both personal and corporate customers, the group offers estate
agency services, currency trading, accounting services, corporate services and
various consulting services.

"The board believes that Benedicte Schilbred Fasmer is the right candidate to
produce good results going forward as well, through trust, cooperation and
dialogue with customers, employees and employee representatives. Thanks to our
corporate culture, we have a long tradition of this in SpareBank 1 SR-Bank. We
have a more than 180-year long history to continue. During these many years we
have built up solid expertise and experience. Given this and Schilbred Fasmer's
broad experience, SpareBank 1 SR-Bank will be well-equipped to meet the
challenges of the future," says Dag Mejdell, chair of the board.

Benedicte Schilbred Fasmer is taking over as CEO of SpareBank 1 SR-Bank 1
January 2021.

Stavanger, 2 October 2020

Contact persons:
Chair of the Board Dag Mejdell, Tel. +47 905 62 970
Benedicte Schilbred Fasmer, Tel. +47 950 60 034
Thor-Christian Haugland, Executive Vice President Communications, Tel. +47
480 31 633


This information is disclosed in compliance with section 5-12 of the Securities
Trading Act.

Click here for more information

© Oslo Bors ASA, source Oslo Stock Exchange