S-Bank Plc Receives Regulatory Approval for Oma Savings Bank Tender Offer

S-Bank Plc has received all necessary regulatory approvals for its voluntary public cash tender offer for all the shares in Oma Savings Bank Plc. The tender offer, announced on July 9, 2026, aims to acquire all shares in Oma Savings Bank that are not held by the bank itself or its subsidiaries. The offer period commenced on July 17, 2026, and will expire on September 25, 2026, unless extended.

S-Bank Plc, a well-capitalized bank and part of the domestic S Group, has obtained the approval required from the European Central Bank for the acquisition of a qualifying holding in Oma Savings Bank. This approval is in accordance with the Act on Credit Institutions (610/2014, as amended). With this regulatory clearance, S-Bank Plc has fulfilled the condition to complete the tender offer, which was contingent upon receiving all necessary regulatory approvals.

The tender offer remains subject to other conditions, including the acceptance of the tender offer by shareholders representing more than 90 percent of the shares and voting rights of Oma Savings Bank. The tender offer document, which was published on July 16, 2026, and has been supplemented with additional information on August 31 and September 7, 2026, is available on the internet at specified websites.

Oma Savings Bank Plc, a well-capitalized and profitable Finnish bank, serves over 200,000 personal and corporate customers through 48 branches across Finland and digital channels. The bank focuses on retail banking and offers a diverse range of banking services, including credit, investment, and loan protection products. Oma Savings Bank also engages in mortgage banking operations, with a key objective of providing a first-class customer experience through personal service and easy accessibility.

S-Bank Plc, a bank for co-op members, offers banking, financing, and wealth management services and engages in mortgage banking operations. At the end of 2025, S-Bank had more than 3.4 million customers, of which 858,000 were active customers. The bank's strategy is to grow the number of active customers and the share of customers who consolidate their banking activities with S-Bank, offering superior ease and benefits through a service model that combines digital and personal service.

The tender offer is being made in accordance with Finnish law and the rules of Nasdaq Helsinki, and is subject to the disclosure and procedural requirements of the Finnish Takeover Code. The offer is not being made in Australia, Canada, Hong Kong, Japan, New Zealand, or South Africa, and any acceptance of the tender offer must be based on the information provided in the tender offer document.

The completion of the tender offer remains conditional on the fulfillment of certain other conditions, including the acceptance of the tender offer by shareholders representing more than 90 percent of the shares and voting rights of Oma Savings Bank. S-Bank Plc will continue to monitor the tender offer and will provide updates as necessary.