Storebrand ASA

M&A Activity • May 31, 2024

STOREBRAND ASA - Bid acceptance received

STOREBRAND ASA - Bid acceptance received

Storebrand ASA ("Storebrand" or "the company") has received acceptance on its

bid to acquire 100% of the shares in the company Lysaker Park Eiendom AS.

Lysaker Park Eiendom AS owns the real estate property Professor Kohts vei 9,

where Storebrand is currently headquartered. The purpose of the transaction is

to settle a long-term headquarter solution for the company that is beneficial to

shareholders and the organization when the current leasing agreement expires in

2027. The transaction is pending due diligence, completion of share purchase

agreement and board approval.

The potential transaction is expected to have a non-material effect on

Storebrand's cash results, solvency position and capital distribution to

shareholders.

Lysaker, 31 May 2024

For further inquiries, please contact:

Johannes Narum, Head of Investor Relations:

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

Stig-Øyvind Blystad, Director of Communications:

stig-oyvind.blystad@storebrand.no or (+47) 918 47 226