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Regulatory press release

Monobank ASA: Issuance of shares under incentive scheme and allocation to primary insiders

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Bergen, 15 May 2019

Reference is made to Monobank ASA's (the "Bank") share incentive scheme approved by the Annual General Meeting in 2018.

The Bank's Board of Directors has today resolved to issue 678,512 shares to employees of the Bank in accordance with the share incentive program, each share with a nominal value of NOK 1 and an exercise price of NOK 1.9. The share capital increase pertaining to the share issue will be made on the basis of the board authorisation granted by the Annual General Meeting in 2018.

The following primary insiders have been allocated shares in the share issue:

Bent Hilding Gjendem, CEO: 77,632 shares. After completion of share issue he will own 2,367,898 shares in the Bank.

Tom Henning Rimestad, COO: 84,211 shares. After completion of share issue he will own 1,872,778 shares in the Bank.

Martin Valland, CTO: 84,211 shares. After completion of share issue he will own 1,684,730 shares in the Bank.

Hans Ljøen, CFO: 63,816 shares. After completion of share issue he will own 378,710 shares in the Bank.

Bård Manuel Fladvad CRO: 13,432 shares. After completion of share issue he will own 37,823 shares in the Bank.

Henriette Vartdal CPO: 33,354 shares. After completion of share issue he will own 368,252 shares in the Bank.

Tore Amundsen, board member: 29,605 shares. After completion of share issue he will own 1,537,496 shares in the Bank.

Sigve Heldal, deputy board: 14,456 shares. After completion of share issue he will own 526,606 shares in the Bank. 

For further information please contact:
Bent H. Gjendem, CEO, +47 996 11 996

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

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