The Supervisory Board has in its meeting onMarch 14, 2023 , made the following decisions: Approval of the 2023 Annual Accounts: o The presented Sustainability Report for 2023 is approved o The presented Annual Accounts and Annual Report for the bank and the group for 2023 are established as the bank and the group's annual accounts for 2023. o Cash dividend for 2023 is set atNOK 7.00 per equity certificate, totalingNOK 703,786,112 . o The bank allocatesNOK 705,351,853 to the equalization fund (parent bank). o The bank allocatesNOK 813,145,967 to dividends to the bank's community-owned capital. o The bank allocatesNOK 825,899,772 million to theSavings Bank's fund (parent bank). o Dividends are paid to equity certificate owners who are registered owners as of14.03.24 . The bank's equity certificates are noted ex-dividend15.03.24 . o The dividend for 2023 is paid out onApril 4, 2024 . Audit fee 2023: oThe Council of Representatives sets the external auditor's fee atNOK 2,548,000 excl. VAT for the audit ofSpareBank 1 Nord-Norge in 2023. Purchase and mortgage of the bank's equity certificates: o The board is authorized, in one or more rounds, to buy and establish a mortgage in own equity certificates within the limits set by law and regulation. o The total holding of equity certificates that the bank owns and/or has a contractual mortgage in cannot exceed 5% of the bank's equity capital. o The minimum amount that can be paid for the equity certificates isNOK 12.50 and the highest isNOK 200 . The framework also applies to contractual mortgage so that the claim the mortgage is to secure must lie within these monetary limits. o The purchase of equity certificates shall take place through purchases in the securities market viaOslo Stock Exchange and disposal shall take place through the same market, possibly as a directed sale towards employees and elected representatives within the laws and regulations that apply. o Pledges will take place through an agreement with customers in connection with lending and any realization of the mortgage in the securities market viaOslo Stock Exchange . o The authorization is valid for 14 months untilMay 14, 2025 , or as long as theFinancial Supervisory Authority approves. o The authorization can be delegated. Authorization for the issuance and repurchase of subordinated loans and bond obligations: o Authorization to issue bond obligations:The Council of Representatives gives the board authorization to raise and repurchase responsible capital in the form of bond obligations, and negotiate conditions thereto, in Norwegian kroner or equivalent in another currency, within a framework ofNOK 2,000 million . The authorization is valid for a period of one (1) year from theCouncil of Representatives' decision to grant the authorization. The authorization can further be delegated. o Authorization to raise subordinated loans:The Council of Representatives gives the board authorization to raise and repurchase responsible loan capital and negotiate conditions thereto in Norwegian kroner or equivalent in another currency, within a framework ofNOK 3,000 million . The authorization is valid for a period of one (1) year from theCouncil of Representatives' decision to grant the authorization. The authorization can further be delegated. o Authorization to issue subordinated debt instruments:The Council of Representatives gives the board authorization to raise and repurchase convertible debt in the form of subordinated debt instruments (SNP), and negotiate conditions thereto, in Norwegian kroner or equivalent in another currency, within a framework ofNOK 12,000 million . The authorization is valid for a period of one (1) year from theCouncil of Representatives' decision to grant the authorization. The authorization can further be delegated. Report on remuneration to senior executives: o The report on remuneration of senior executives was approved. Changes to the Articles of Association: oThe Council of Representatives adopted the following changes to the articles of association: - § 3-2 Composition of theCouncil of Representatives :The Council of Representatives decided to revert to the wording from 2020. - § 3-3 Election to theCouncil of Representatives :The Council of Representatives adopted the new proposal - § 3-4 Equity certificate holders' election to theCouncil of Representatives :The Council of Representatives adopted the new proposal - § 3-5 Depositors' election to theCouncil of Representatives :The Council of Representatives adopted the new proposal - § 3-6 Employees' election of members to theCouncil of Representatives :The Council of Representatives adopted the new proposal - § 3-7 County Council Elections to theRepresentative Assembly :The Representative Assembly approved the new proposal. - § 4-1 Board:The Representative Assembly approved the new proposal Election of representatives - the outcome of the elections was as follows: oCouncil of Representatives : - LeaderRoar Dons was re-elected for the period 2024/2025 oCouncil of Representatives' nomination committee: - LeaderKjell Olav Pettersen was re-elected for the period 2024/2025 - MemberGro-Marith Karlsen was re-elected for the period 2024 - Member Beate Bø Nilsen was re-elected for the period 2024/2025 - MemberDag Inge Lund was re-elected for the period 2024/2025 - DeputyRita Myrvang was re-elected for the period 2024/2025 - DeputyChristian Torset was elected for the period 2024/2025 - DeputySissel Ditlefsen was elected for the period 2024/2025 - DeputyOve Eivind Hagen was re-elected for the period 2024 o Board: - ChairmanEirik Frantzen was re-elected for the period 2024 - Member Semming Semmingsen was re-elected for the period 2024 - MemberKathrine Tveiterås was re-elected for the period 2024/2025 - MemberSigurd Carlsen was re-elected for the period 2024/2025 - MemberRolf Eigil Bygdnes was elected for the period 2024/2025 Fees and remuneration to trustees: o The Nomination Committee's recommendation regarding fee rates datedJanuary 17, 2024 , is adopted as fee rates and remunerations forSpareBank 1 Nord-Norge's trustees, effective fromJanuary 1, 2024 . Establishment of a charitable foundation, for long-term investment in the North Norwegian business sector: oThe Council of Representatives inSpareBank 1 Nord-Norge gives the board ofSpareBank 1 Nord-Norge the authority to make all decisions around and establish an investment fund in accordance with what this case with attachments describes. This information is subject of the disclosure requirements acc. to § 5-12 vphl (Norwegian Securities Trading Act). For further information, please contact:Noelle Klykken , Administrative Secretary, nk@snn.no, (+47) 916 30 377
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