Storebrand ASA

Capital/Financing Update • Sep 10, 2024

Storebrand Livsforsikring AS: Successful issuance of new green bonds

Storebrand Livsforsikring AS: Successful issuance of new green bonds

Storebrand Livsforsikring AS, rated A by S&P, has today successfully issued a

new 30.25NC5.25 SEK 1,000 million green subordinated T2 bond issue with a coupon

of 3 month Stibor + 1.60% per annum. The maturity date for the bonds will be 17

December 2054 and the issuer has a first call option on 17 September 2029.

The green bonds will qualify as Tier 2 capital under the European Solvency II

regulatory capital regime for insurers and is expected to be rated BBB+ by S&P.

The settlement date for the bond issue is 17 September 2024, and the company

will apply for the bonds to be listed on Oslo Børs. The new issuance is approved

by the company's general meeting and by the Norwegian FSA ("Finanstilsynet").

Danske Bank and Nordea acted as Joint Bookrunners for the transaction.

For further information, please contact:

Kjetil R. Krøkje, Group Head of Finance, Strategy and M&A, telephone +47 934

12 155

Nikola Heitmann, Head of Capital Management, telephone +47 416 97 236

This information is subject to the disclosure requirements pursuant to Section 5

-12 the Norwegian Securities Trading Act.