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Great Western Bancorp, Inc. Names Karlyn Knieriem Chief Risk Officer & Executive Vice President

Great Western Bancorp, Inc. (NYSE:GWB),
the parent company of Great Western Bank (www.greatwesternbank.com),
today announced that Karlyn Knieriem has been promoted to Chief Risk
Officer & Executive Vice President, effective immediately. Knieriem will
have responsibility for the overall direction and operations of the risk
department, including Enterprise Risk Management, Bank Secrecy Act, and
Compliance and Risk Asset Review.

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Great Western Bancorp, Inc. Names Karlyn Knieriem Chief Risk Officer & Executive Vice President (Photo: Business Wire).

“Karlyn’s strategic leadership and extensive experience in risk
management are exemplary,” said Chairman, President & CEO Ken Karels.
“We are pleased to have Karlyn lead us in this critical role. I know
that she will make valuable contributions as a vital member of our
executive leadership team.”

Knieriem joined Great Western Bank in 2016 and most recently held the
position of Head of Enterprise Risk Management. During her tenure at
Great Western Bank, she has helped to design and implement an Enterprise
Risk Management program. Karlyn has 20 years of banking experience,
including previous roles at First National Bank of Omaha where she
designed and implemented several risk management programs including an
Internal Capital Adequacy Program inclusive of Stress Testing, Model
Risk Management policy, Counter Party Risk Management and Wholesale
Funding Program.

Knieriem earned her B.S. in Accounting from the University of Nebraska –
Omaha. She will report directly to Karels and be based at corporate
headquarters in Sioux Falls, South Dakota.

About Great Western Bancorp, Inc.

Great Western Bancorp, Inc. is the holding company for Great Western
Bank, a full-service regional bank focused on relationship-based
business and agribusiness banking. Great Western Bank offers small and
mid-sized businesses a focused suite of financial products and a range
of deposit and loan products to retail customers through several
channels, including the branch network, online banking system, mobile
banking applications and customer care centers. The bank services its
customers through more than 170 branches in nine states: Arizona,
Colorado, Iowa, Kansas, Minnesota, Missouri, Nebraska, North Dakota and
South Dakota. To learn more about Great Western Bank visit www.greatwesternbank.com.

Forward Looking Statements

The materials posted may contain forward-looking statements, including
guidance, involving significant risks and uncertainties, which will be
identified by words such as “believe,” “expect,” “anticipate,” “intend,”
“estimate,” “should,” “is likely,” “will,” “going forward” and other
expressions that indicate future events and trends and may be followed
by or reference cautionary statements. A number of factors could cause
actual results to differ materially from those in the forward-looking
information. These factors are outlined in our most recent earnings
press release and in more detail in our most current 10-Q and 10-K
filings. Great Western Bancorp, Inc. disclaims any obligation to update
any of the forward-looking statements that are made from time to time to
reflect future events or developments or changes in expectations.

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