Gjensidige Forsikring ASA

AGM Information • Feb 16, 2022

GJF: Proposals to the Annual General Meeting

GJF: Proposals to the Annual General Meeting

The Board of Gjensidige Forsikring ASA will propose for the Annual General

Meeting the following Board Authorisations:

· Authorisation to decide the distribution of dividend

· Authorisation to purchase own shares in the market for the purpose of

implementing the Group's share savings programme and remuneration scheme for

employees, corresponding to up to 0.2 per cent of the share capital

· Authorisation to purchase own shares in the market for investment purposes

or for the purpose of optimising the Company's capital structure, corresponding

to up to 10 per cent of the share capital

· Authorisation to increase the share capital by up to 10 per cent

· Authorisation to raise subordinated loans and other external financing by up

to NOK 3.0 billion

Further, the Board has decided merger with the wholly owned, Danish subsidiary

NEM Forsikring A/S, in accordance with the simplified regulation

regarding mergers between a parent company and subsidiary across national

borders. Due to the merger taking place across national borders, the General

Meeting of Gjensidige Forsikring ASA, as the company taking over, needs to

approve the merger plan, according to the Public Limited Companies act. The

mergers will not affect the Gjensidige Group's capital position and will cater

for a more rational and efficient operation. The merger plans and other

documents related to the mergers will be made available on www.gjensidige.com no

later than 1 March 2022.

The Annual General Meeting of Gjensidige Forsikring ASA will be held on Thursday

24 March 2022. The notice including a full agenda for the General Meeting and

appendices will be published and sent to shareholders on 1 March 2022.

This information is subject to disclosure under the Norwegian Securities Act

section §5-12 and the requirements of Oslo Børs' Continuing Obligations.

Contact persons Gjensidige Forsikring ASA:

Head of Investor Relations: Mitra H. Negård, Tel: +47 957 93 631

Head of Communication: Øystein Thoresen, Tel: + 47 952 33 382

Gjensidige is a leading Nordic insurance group listed on the Oslo Stock

Exchange. We have about 3,800 employees and offer insurance products in Norway,

Denmark, Sweden and the Baltic states. In Norway, we also offer pension and

savings. The Group's operating income was NOK 30 billion in 2021, while total

assets were NOK 130 billion.