Storebrand ASA

Legal Proceedings Report • Mar 18, 2024

STOREBRAND ASA: Clarification on outstanding tax case

STOREBRAND ASA: Clarification on outstanding tax case

Reference is made to the stock exchange announcement dated 13 December 2023

where Storebrand informed that the Ministry of Finance had issued a subpoena

against the Tax Appeals Committee (Skatteklagenemda) decision in favor of

Storebrand in the tax case concerning whether group contributions should reduce

the tax value of shares for Storebrand Life Insurance.

The Ministry of Finance has in a pleading from the Attorney General for Civil

Affairs (Regjeringsadvokaten) dated 15[th ]March 2024 stated that it will not

argue that the subpoena includes indirect group contributions. As Storebrand

Life Insurance's tax case is mainly related to indirect group contributions,

this clarification means that the majority of the case is finally settled.

There is no new information that provides grounds for changes in the company's

accounts.

Lysaker, 18 March 2024

Johannes Narum, Head of Investor Relations:

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

Kjetil Ramberg Krøkje, Head of Strategy & Finance:

kjetil.r.krokje@storebrand.no or (+47) 934 12 155

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.