Gjensidige Forsikring ASA

Capital/Financing Update • Feb 20, 2024

S&P assigns 'BBB+' rating to the Tier 2 bond issued on 20 February

S&P assigns 'BBB+' rating to the Tier 2 bond issued on 20 February

S&P Global Ratings today assigned its 'BBB+' issue rating to the Tier 2 NOK 800

million subordinated bond issued by Gjensidige Forsikring ASA on 20 February

2024. Please see attachment for detailed information.

For further information, please contact:

Mitra Hagen Negård, Head of Investor Relations, tel. +47 957 93 631.

This information is subject to disclosure under the Norwegian Securities Act

section §5-12.

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.