Storebrand ASA

Capital/Financing Update • Feb 14, 2022

Storebrand Bank ASA: Contemplating new subordinated Tier 2 bond issue

Storebrand Bank ASA: Contemplating new subordinated Tier 2 bond issue

Storebrand Bank ASA has mandated DNB Markets and Swedbank AB (publ.) for

potential issuance of a new subordinated Tier 2 bond issue with a minimum 10

-year tenor, subject to market conditions.

Expected issue size is minimum NOK 300 million. The bond will carry a floating

coupon rate and have a first call option for the issuer 5 years after the

settlement date.

The transaction is approved by the bank's board of directors and the general

meeting.

Lysaker, 14 February 2022

Contact information: Einar Andreas Leikanger, Head of Treasury, Storebrand Bank

ASA, tel.: +47 934 203 79