Storebrand ASA

Capital/Financing Update • Nov 28, 2023

Storebrand Bank ASA: Contemplating issuance of Additional Tier 1 bonds and buy-back

Storebrand Bank ASA: Contemplating issuance of Additional Tier 1 bonds and buy-back

Storebrand Bank ASA (issuer rating A/ Stable by S&P Global Ratings) has mandated

Danske Bank as Sole Manager for a potential issuance of Additional Tier 1 bonds

with expected size of NOK 125 million, subject to market conditions.

The Additional Tier 1 bonds will have a perpetual tenor and a first call option

for the issuer minimum 5 years after the settlement date, subject to approval

from the Financial Supervisory Authority of Norway, if required.

In conjunction with the new issue, the issuer will consider buy-backs, in whole

or in parts, of the outstanding Additional Tier 1 bond issue with ticker STORB61

PRO and ISIN NO0010843501.

The potential bond issue has been approved by the bank's General Meeting.

Contact person:

Einar Leikanger, Head of Treasury Storebrand Bank ASA, tlf.: +47 93420379