Protector Forsikring

Capital/Financing Update • Feb 10, 2022

PROTECTOR FORSIKRING ASA – SUCCESSFUL PLACEMENT OF NEW TIER 2 BOND ISSUE

PROTECTOR FORSIKRING ASA – SUCCESSFUL PLACEMENT OF NEW TIER 2 BOND ISSUE

Protector Forsikring ASA, rated bbb+ (Good) Stable outlook by A.M. Best, has today successfully issued a new NOK 400,000,000 Solvency II compliant Tier 2 bond with maturity date 21 February 2052 pricing at 3m NIBOR + 275bps. The bonds will have first call option by Protector Forsikring ASA on 21 May 2027, 5.25 years after the settlement date.

In conjunction with the Tier 2 bond issue, Protector Forsikring ASA has bought back a nominal amount of NOK 159m in the outstanding bond with ISIN NO0010790074 (PROTCT03) at a price of 100.278%

Settlement date for the new issue and the buy-back is 21 February 2022

The new tier 2 bond issue will be applied for listing at Oslo Børs.

Nordea and Pareto Securities acted as Joint Lead Arrangers for both the bond issue and the buy-back.

Oslo, 10 February 2022

For further information, please contact:

CFO, Ditlev de Vibe Vanay,

mob. +47 934 80 393

This information is subject to disclosure requirements pursuant to §5-12 of the Norwegian Securities Trading Act.