Sparebanken Møre is reducing the interest rates for loans and deposits by up to
0.25 percentage points. The reason for the adjustment is the reduction of the
key policy rate from Norges Bank.

Sparebanken Møre is the market leader in Nordvestlandet, and the bank is
growing.

- The interest rate in Norway is declining, which will be well received by
mortgage customers. Sparebanken Møre offers competitive terms and conditions. In
addition we place great emphasis on personal service and individual advice, says
Trine Kvalheim, Communications Manager at Sparebanken Møre.

For existing mortgages, the new interest rates will apply from August 25th. Our
customers will receive information about the interest rate change in the mobile
and online banking or as a letter by post.

Contacts:
o Trine Kvalheim, Communication Manager, Phone: +47 45 46 56 80, Email:
trine.kvalheim@sbm.no
o John Arne Winsnes, CFO Phone: 462 80 999, Email: jaw@sbm.no

This information is subject to the disclosure requirements pursuant to section
5-12 of the Securities Trading Act.