Major shareholding disclosure by Nordax


Nordax Bank AB (publ) ("Nordax") has as of today received acceptances of the
recommended voluntary offer for all shares in Bank Norwegian ASA (the "Company")
pursuant to the offer document dated 5 August 2021, as amended, (the "Offer")
for a total of 122,803,476 shares in the Company. Following this, Nordax holds
6,313,456 shares in the Company corresponding to 3.38% of the Company's shares
and voting rights and has through the Offer received acceptances corresponding
to 65.70% of the Company's share capital and voting rights. Nordax has further,
pursuant to contribution agreements as further set out under section 1.16
(Contribution Agreements) of the offer document for the Offer, conditionally
agreed to acquire 42,472,603 shares, representing approximately 22.72% of the
shares and votes in the Company, equivalent to the total shares in the Company
held by Nordax' close associates.

Nordax's total holding of shares and rights to shares counted together
constitutes 91.81% of the share capital and voting rights in the Company.

This announcement is made pursuant to section 4-2 of the Norwegian Securities
Trading Act.

About Nordax

Nordax Bank AB (publ) is a leading specialist bank in Northern Europe owned by
Nordic Capital Fund VIII and Sampo. Nordax has around 287,000 private customers
in Sweden, Norway, Finland, Denmark and Germany. We are a specialist bank that
through responsible lending helps people make informed decisions for a life they
can afford. We are a flexible complement to the major banks. Instead of
quantity, we have specialised in a few selected products that we know best:
personal loans, mortgages, equity release products and savings accounts. Since
2019, Svensk Hypotekspension, which is a specialist in equity release products,
is a wholly owned subsidiary of Nordax. Nordax has around 350 employees,
practically all of whom work from a central office in Stockholm. The credit
assessment process is one of Nordax's core competencies. It is thorough, sound
and data driven. Nordax's customers are financially stable. As of 30 June 2021,
lending to the public amounted to SEK 30.1 billion and deposits amounted to SEK
28.4 billion.

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