Storebrand ASA

STOREBRAND ASA: Continuation of the Share Buyback Program

In a stock exchange announcement of 12 April 2023, Storebrand announced that

there will be a temporary pause the share buyback program ("the Program") until

a new authorisation had been adopted by the Annual General Meeting of Storebrand

ASA, and the Financial Supervisory Authority had granted a renewed permission

based on this authorisation.

The Financial Supervisory Authority has now granted a renewed permission to

continue the Program in accordance with the authorization adopted by the Annual

General Meeting on 13 April 2023. The buyback program will therefore resume

within the announced framework.

For further details on the program, please see the stock exchange announcement

of 29 March 2023.

Lysaker, 12 May 2023

For further inquiries, please contact:

Trond Finn Eriksen, Investor Relations (interim):

[email protected] or (+47) 991 64 135

Storebrand's ambition is to provide our customers with financial freedom and

security by being the best provider of long-term savings and insurance.

Storebrand will deliver sustainable solutions adapted to the customer's

individual situation. Storebrand has about 40.000 corporate customers and 2

million individual customers, and has its headquarter at Lysaker outside of

Oslo, Norway. Storebrand manages NOK 1 111 bn and is one of the largest asset

managers in the Nordics. Storebrand (STB) is listed on Oslo Stock Exchange.

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