Storebrand ASA

M&A Activity • Aug 26, 2024

STOREBRAND BANK ASA - Internal Group Merger with Kron AS

STOREBRAND BANK ASA - Internal Group Merger with Kron AS

Reference is made to the stock exchange announcement of September 5, 2022, from

Storebrand ASA, org. no. 916 300 484, regarding Storebrand ASA's acquisition of

the Norwegian fintech company Kron AS ("Kron").

The Board of Directors of Storebrand Bank ASA ("SBB") has today signed a joint

merger plan for an internal group merger between SBB and Kron, with the former

as the acquiring company. The merger will be carried out in accordance with the

rules on mergers between group companies in the Public Limited Liability

Companies Act § 13-24, where Kron at the time of the merger will be a wholly

-owned subsidiary of SBB. The merger is being carried out as part of fulfilling

the regulatory conditions set at the time of the acquisition of Kron and is

expected to be completed in the fourth quarter of 2024. The merger is subject to

regulatory approvals from the Norwegian Financial Supervisory Authority.

Lysaker, 26 August 2024

For further inquiries, please contact:

Johannes Narum, Head of Investor Relations:

johannes.narum@storebrand.no?or (+47) 993 33?569

This information is published in accordance with the requirements of Euronext

Oslo Rule Book II