Richmond Mutual Bancorporation, Inc.

Code

A

Shares

6,800

Price

—

Footnotes

2

The reported shares were received in exchange for shares of common stock of The Farmers Bancorp ("Farmers") in connection with the merger of Farmers with and into Richmond Mutual Bancorporation, Inc. ("RMBI"), pursuant to the Agreement and Plan of Merger. Under the terms of the merger agreement, at the effective time of the merger, each outstanding share of Farmers common stock was converted automatically into the right to receive 3.40 shares of RMBI common stock. Accordingly, no cash purchase price was paid by the reporting person for the shares reported herein. The reported securities are held by an irrevocable trust for which the reporting person serves as trustee. Under the terms of the trust, 50% of the trust income is distributable to the reporting person (or, upon the reporting person's death, to the reporting person's spouse), and the remaining 50% of the trust income is distributable to the reporting person's brother (or, upon the brother's death, to the brother's spouse). Upon termination of the trust following the deaths of the foregoing beneficiaries, the trust corpus, including the reported securities, is distributable to the reporting person's son. The reporting person disclaims beneficial ownership of the reported securities except to the extent of the reporting person's pecuniary interest therein.