SPAREBANK 1 ØSTFOLD AKERSHUS (SOAG) investor relations material

Executive summary

• Q3 profit before tax was NOK 197m vs NOK 195m YoY; net profit was NOK 156m vs NOK 157m. Stronger net interest margin, lower credit losses and a higher contribution from SpareBank 1 Gruppen supported the quarter.

• YTD profit before tax was NOK 565m vs NOK 620m and net profit was NOK 466m vs NOK 514m; lending growth and stronger Q3 margins were offset by lower YTD net interest income and higher costs.

Financial highlights

• Q3 net interest income was NOK 212m vs NOK 193m; net commission and other income was NOK 106m vs NOK 112m, and financial instrument income was NOK 30m vs NOK 32m.

• Q3 total net income was NOK 348m vs NOK 337m; operating costs were NOK 139m vs NOK 129m, up 7.9% YoY, while loan losses were NOK 11m vs NOK 13m.

• YTD total net income was NOK 1,060m vs NOK 1,056m; net interest income including transferred-loan commissions was NOK 618m vs NOK 628m.

• YTD net financial instrument income was NOK 160m vs NOK 174m; prior-year income included a NOK 50m share-sale gain. YTD net commission and other income was NOK 323m vs NOK 320m.

• Reported costs rose NOK 43.3m YTD; adjusted for staff-reduction and Tieto costs, they increased NOK 34.9m, or 8.6%.

Outlook and guidance

• Following the 24 September 2026 policy-rate increase of 0.25 percentage points, mortgage and deposit rates rose by up to 0.25 points; the full effect begins 28 November 2026.

• Cost initiatives are expected to lower the cost ratio over time, with full effect in 2027; the long-term ROE target is at least 11%.

• Distribution policy targets ~50% of annual profit for dividends and community contributions, subject to capital needs; strategy emphasizes selective profitable growth, disciplined pricing and responsible lending.