(Bergen, 24 September 2020): Reference is made to stock exchange release 12 June
2020, announcing that BRAbank ASA (BRAbank) and Easybank ASA (Easybank) will
merge with the intent to create a leading consumer and SME digital niche bank
with a Nordic footprint.

As a part of the ongoing merger, BRAbank's current CEO Hans Kristian Ljøen, will
step down and take on the role as a strategic adviser until the end of November
2020. "Hans has played an instrumental role in the Bank's turnaround and in
restoring profitability. The board would like to thank Hans for his strong
commitment and contributions", says Viggo Leisner, Chairman of the Board.

Easybank's CEO Oddbjørn Berentsen will be the CEO of the merged bank that will
be re-branded from Easybank to BRAbank, effective 1 October 2020.

Oddbjørn Berentsen has been the CEO of Easybank since 2016 and has 20 years of
experience from consumer finance, IT and telecom. He has vast experience from
digital banking and consumer finance from turnaround of Easybank back in 2016,
and management roles in Santander Consumer Bank and yA bank.

"The combination of BRAbank and Easybank creates a stronger bank better equipped
to continue growth in the Nordics and increase profitability. Oddbjørn has
extensive experience from companies within both consumer finance and the IT and
telecom sector. His combined background is highly relevant in times of
accelerated digital transformation of people's lives and managing a digital
niche bank. We look forward to support him and his team taking the merged bank
to the next level", says Viggo Leisner, chairman of BRAbank.

For further information contact:

Viggo Leisner, Chairman of the Board at BRAbank, phone: +47 920 69 998

About BRAbank

BRAbank ASA is a digital bank focused on consumer finance in the Nordics.
BRAbank is a cloud-based bank with strong focus on customer experience and
fintech solutions. BRAbank is based in Bergen, Norway and started operation as
Monobank in November 2015 and merged with BRAbank in June 2019. The bank offers
unsecured lending to qualified private individuals in Norway, Finland and
Sweden. The screening process is based on an automated evaluation system,
developed using the latest technology and advanced analytics. The bank also
offers attractive deposit rates on its savings accounts. BRAbank is an
independent bank with approximately 1,400 shareholders and is listed on the Oslo
Stock Exchange's Merkur Market with ticker symbol BRA-ME.

Click here for more information

© Oslo Bors ASA, source Oslo Stock Exchange