Gjensidige Forsikring ASA

Capital/Financing Update • Sep 20, 2023

GJF01 - Key information relating to partial redemption of bond issue

GJF01 - Key information relating to partial redemption of bond issue

Issuer: Gjensidige Forsikring ASA

ISIN of bond loan: NO0010720378

Date of redemption: 26 September 2023

Redemption amount: MNOK 696

Outstanding loan amount after redemption: MNOK 504

Redemption price: 100.25

The buy-back of NOK 696 million of GJF01 will be done in conjunction with the

issuance of a new subordinated Tier 2 bond issue (ISIN: NO0013024000) on 26

September 2023. The partial buy-back will be written down in the CSD (no: VPS),

provided that the new bond issue has been paid in.

This information is published in accordance with the requirements of the

Continuing Obligations.

For further information, please contact:

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

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.