Gjensidige Forsikring ASA

Capital/Financing Update • Apr 30, 2024

GJF, GJF01, GJF03, GJF04, GJF05, GJF06, GJF07: S&P affirms A rating on Gjensidige and outlook remains stable; BBB+ rating on tier 2 debt and BBB rating on restricted tier 1 subordinated debt affirmed

GJF, GJF01, GJF03, GJF04, GJF05, GJF06, GJF07: S&P affirms A rating on Gjensidige and outlook remains stable; BBB+ rating on tier 2 debt and BBB rating on restricted tier 1 subordinated debt affirmed

Please see attachment for further details.

Contact persons, Gjensidige Forsikring ASA:

Head of Investor Relations Mitra Hagen Negård, Tel: +47 957 93 631

Investor Relations Officer: Marius Michelsen Fjellbo, Tel: +47 995 67 593

Gjensidige is a leading Nordic insurance group listed on the Oslo Stock

Exchange. We have about 4,500 employees and offer insurance products in Norway,

Denmark, Sweden and the Baltic states. In Norway, we also offer pension and

savings. The Group's operating income was NOK 36 billion in 2023, while total

assets were NOK 148 billion.