Storebrand ASA

STOREBRAND ASA: Share buyback program completed

Storebrand's buyback program, announced on 7 Februar 2024, is now completed.

The total number of shares purchased under the program was 4 178 309 at an

average price of NOK 95.73 per share, for a total consideration of NOK 400

million.

Following the transactions, Storebrand ASA owns a total of 22 211 566 own

shares, representing 4.77% of Storebrand ASA's share capital.

The shares repurchased under the buyback program that are not used for the

company's remuneration program or stock purchase scheme for employees, will be

redeemed (i.e. cancelled) subject to approval by the AGM in 2025.

Overview of transactions

Date Aggregate daily Volume weighted Total

volume (no. of average price transaction

shares) (NOK) value (NOK)

02.04.2024 66 819 100.77 6 733 504

Total previously announced 4 111 490 95.65 393 266 457

transactions under the

program:

Total transactions under the 4 178 309 95.73 399 999 961

program:

Attachment: An overview of all the completed transactions under the program for

the dates specified above is attached to this notification and available on

www.newsweb.no.

Lysaker, 2 April 2024

For further inquiries, please contact:

Johannes Narum, Head of Investor Relations:

[email protected] or (+47) 993 33 569

Storebrand is a Nordic financial group, delivering increased security and

financial wellness for people and companies. We offer sustainable solutions and

encourage our customers to take good economic decisions for the future. Our

purpose is clear: we create a brighter future. Storebrand has about 55.000

corporate customers, 2.2 million individual customers and manages NOK 1,212

billion. The Group has its headquarter at Lysaker outside of Oslo, Norway.

Storebrand (STB) is listed on Oslo Stock Exchange.

www.storebrand.no

This is information is pursuant to the EU Market Abuse Regulation and subject to

the disclosure requirements pursuant to Section 5-12 the Norwegian Securities

Trading Act.

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