Lea bank ASA - Exercise of stock options

Lea bank has today received notice of exercise of options from Primary insider, CEO Oddbjørn Berentsen. Berentsen exercised all his 600 000 options.

The Board of Directors of Lea bank ASA has resolved to fulfil the bank's commitment with a cash settlement. The cash settlement will be based on the volume weighted average share price 10 days prior to notice of exercise, minus strike of NOK 7 per share, minus dividends during the program.

Following the exercised options, the bank has no options remaining from the share options program from 2020.

Contact:

Oddbjørn Berentsen, CEO

Phone: +47 22 99 14 00

Email: [email protected]