Gjensidige Forsikring ASA

Transaction in Own Shares • Oct 21, 2020

Acquisition of own shares / primary insider trades

Acquisition of own shares / primary insider trades

On behalf of Gjensidige (OSE:GJF), DNB has on 21 October 2020 acquired 64 177

shares. The shares have been acquired at an average price of NOK 196,0086 per

share.

51 741 shares have been sold to employees, at a price of NOK 196,0086 per share,

as part of the Gjensidige share savings scheme 2020.

Acquisition of shares for the share savings scheme for the third quarter 2020 is

now completed.

A total of 11 885 bonus shares are allocated to employees pursuant to the terms

of previous years' share savings scheme. Bonus shares are allocated without

further consideration.

Gjensidige now owns 11 785 own shares.

Shares sold or allocated to primary insider employees are disclosed in the

attachment to this disclosure.

For a description of the share savings scheme, see stock exchange release dated

19 December 2019.

This information is subject to disclosure under the Norwegian Securities Act

section §5-12.

Contacts:

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

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