Gjensidige Forsikring ASA

Capital/Financing Update • Sep 21, 2023

S&P assigns 'BBB+' rating to the Tier 2 bond issued on 19 September

S&P assigns 'BBB+' rating to the Tier 2 bond issued on 19 September

S&P Global Ratings today assigned its 'BBB+' issue rating to the Tier 2 NOK 1.2

billion subordinated bond issued by Gjensidige Forsikring ASA on 19 September

2023. Please see attachment for detailed information.

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 approximately 4,200 employees and offer insurance products in

Norway, Denmark, Sweden and the Baltic states. In Norway, Gjensidige also

offers pension and savings. The Group's operating income was NOK 34 billion in

2022, while total assets were NOK 135 billion.