Disclosure of large Shareholdings on behalf of UBS Group AG


November 4, 2021

Bank Norwegian AS - Disclosure of large shareholdings under the Securities
Trading Act

We would like to inform you that UBS Group AG has fallen below the reportable
threshold of 5% of the share capital in Bank Norwegian AS (NO0011002511). Please
let this serve you as our disclosure as set forth below:

Name of the person obliged to notify:
UBS Group AG

Residing at:
Bahnhofstrasse 45
CH-8001 Zurich

Date of event:
3 November 2021

Event triggering the notification:
Disposal of shares

Total disposed shares:
10'719'111 shares

Total new holding:
104'340 shares representing 0.06% of the 186'904'268 voting rights and of the
share capital.

6'255 shares are held directly by UBS AG, a subsidiary of UBS Group AG. 98'085
shares are held indirectly by UBS AG through UBS Asset Management (UK) Limited
(32'274), UBS Fund Management (Luxembourg) S.A. (6'758) and UBS Fund Management
(Switzerland) AG (59'053).