Monobank ASA: MONO-ME Issuance of shares under incentive scheme Bergen 21 February 2018

Reference is made to Monobank ASA's (the "Bank") share incentive 
scheme approved by the Annual General Meeting in 2016 and as 
described in the Bank's admission document dated 15 February 2017.

The Bank's Board of Directors has today resolved to issue 777,770 
shares to employees of the Bank in accordance with the share 
incentive program, each share with a nominal value of NOK 1 and at an 
exercise price of NOK 2,80 per share. 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 2016.

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

Bent Hilding Gjendem, CEO: 55,555 shares. After completion of share 
issue he will own 2,290,266 shares in the Bank. 

Tom Henning Rimestad, COO: 55,555 shares. After completion of share 
issue he will own 1,788,567 shares in the Bank.

Martin Valland, CTO: 55,555 shares. After completion of share issue 
he will own 1,600,519 shares in the Bank.

Lene Sjøbakk, CFO: 55,555 shares. After completion of share issue 
she will own 467,108 shares in the Bank.  

Hans Ljøen, CRO: 55,555 shares. After completion of share issue he will own 
314,894 shares in the Bank.

Tore Amundsen, board member: 55,555 shares. After completion of 
share issue he will own 1,507,891 shares in the Bank.

Sigve Heldal, deputy board: 55,555 shares. After completion of share 
issue he will own 512,150 shares in the Bank.

For further information please contact:
Lene Sjøbakk, CFO, +47 940 19 896

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