Protector Forsikring

Capital/Financing Update • Apr 8, 2016

Successful placement of subordinated bond issue

Successful placement of subordinated bond issue

Reference is made to the stock exchange release as of 1 April

2016 regarding a potential placement of a dated subordinated

bond issue (tier 2).

Protector Forsikring ASA has today issued a subordinated bond

of NOK 500 million with a coupon of 3M NIBOR + 3.70

percentage points p.a. The loan has a maturity of 30 years

with a call option in 5 years.

The terms of the loan are in compliance with existing and

expected future requirements for subordinated debt eligible

as tier 2 capital.

The bond issue will be applied for listing on the Oslo Stock

Exchange.

Nordea Markets and Pareto Securities were managers of the

transaction.

Contact persons Protector Forsikring ASA:

CEO: Sverre Bjerkeli,mobile:+47 928 38 072

CFO: Flemming Holm, mobile: +47 908 81 896

CIO: Cathrine Foyn, mobile: +47 955 22 012

This information is subject to the disclosure requirements of

section 5-12 of the Norwegian Securities Trading Act.