Storebrand ASA

Capital/Financing Update • Feb 17, 2023

To: The noteholders under the Bond Issue (as defined below) (the "Noteholders")

17 February 2023

Reference is made to the prospectus dated 2 April 2013 (the "Prospectus") prepared in connection with the Storebrand Livsforsikring AS USD 300,000,000 Fixed/Floating Rate Dated Subordinated Notes due 2043 with ISIN XS0909773268 (the "Bond Issue"). Storebrand Livsforsikring AS (the "Issuer") hereby gives notice to the Noteholders in accordance with Condition 12 (Notices), cf. Condition 7.4 (Redemption at the Option of the Issuer) of the Prospectus that the Issuer will redeem all of the outstanding Notes at their principal amount together with any accrued interest and Arrears of Interest (as defined in the Prospectus) under the Bond Issue on 4 April 2023.

For and on behalf of

STOREBRAND LIVSFORSIKRING AS

.......................................................................... ..........................................................................

Name: Title: Authorised signatory Vivi Måhede Gevelt, CEO Storebrand Livsforsikring AS

Name:

Title: Authorised signatory

Storebrand ASA

Main office: Professor Kohts vei 9, Postboks 500, N-1327 Lysaker, Norway Telephone 08880, www.storebrand.no Storebrand ASA NO 916 300 484, Storebrand Livsforsikring AS NO 958 995 369, Storebrand Forsikring AS NO 930 553 506, Storebrand Bank ASA NO 953 299 216, Storebrand Asset Management AS NO 930208868