Gjensidige Forsikring ASA

Capital/Financing Update • Jun 25, 2021

GJF, GJF01-GJF04: S&P affirms A ratings on Gjensidige and revises outlook to positive; BBB+ rating on tier 2 debt and BBB rating on restricted tier 1 subordinated debt affirmed

GJF, GJF01-GJF04: S&P affirms A ratings on Gjensidige and revises outlook to positive; BBB+ rating on tier 2 debt and BBB rating on restricted tier 1 subordinated debt affirmed

Please see appendix for detailed information.

Contact persons, Gjensidige Forsikring ASA:

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

Investor Relations Officer, Kjetil Gill Østvold, Tel: 468 63 004

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

Exchange. We have about 3,700 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 28 billion in 2020, while total

assets were NOK 118 billion.