Fitch Ratings has today assigned SpareBank 1 Nord-Norge's (SNN) NOK1 billion
inaugural senior non-preferred note (NO0010887276) a long-term rating of 'A' and
has upgraded SNN's senior preferred and deposit rating to 'A+' from 'A'. The
bank's other ratings are unaffected by this rating action.

The upgrade of the senior preferred debt rating reflects the protection that
could accrue to senior preferred debt from the bank's more junior bank
resolution debt and equity buffers.

Please see below the relevant link for more information:

https://www.fitchratings.com/research/banks/fitch-rates-sparebank-1-nord-norge
-senior-non-preferred-a-upgrades-senior-preferred-to-a-09-07-2020

For further information from the issuer, please contact:

Head of Treasury Ronny Løvberg Sørensen, tel 971 05 220

CFO Bengt Olsen, tel 975 89 560

This information is subject to the information requirements pursuant to the
Norwegian Securities Trading Act section 5-12.

Click here for more information

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