Acquisition | HMN FINANCIAL INC | 10th October 2024

Initially announced on May 15, 2024 ALERUS FINANCIAL CORP made a stock offer for HMN FINANCIAL INC of 1.25 shares per HMN FINANCIAL INC share held. HMN FINANCIAL INC shareholders approved the Acquisition on September 12, 2024. Regulators approved the Acquisition on October 28, 2024. Pending the completion of customary closing conditions, the Acquisition is expected to be completed on October 10, 2024. Trading in shares of HMN FINANCIAL INC is expected to be halted effective October 10, 2024.

The treatment below will be applied to the following indices:

• HMN FINANCIAL INC will be removed from the Index.
• The shares of ALERUS FINANCIAL CORP (ALRS.OQ) will be increased according to the stock terms of the transaction.
• Effective Date (open): 10/10/2024

Solactive US Extended Broad Market Index (GTR)