Gjensidige Forsikring ASA

Changes in Gjensidige's Group management

Gjensidige Forsikring ASA will make changes in its Group Management effective 1.

September 2018.

Sigurd Austin, who is in charge of Claims and Sweden, will assume the position

as EVP Private. Hege Yli Melhus Ask, who is in charge of Private today, will

assume the position as EVP Claims. The responsibility for Sweden will be

transferred to a new position in Group Management, to be assumed by Aysegul Cin,

who is director of CRM and digital distribution in the Commercial segment. Mats

C. Gottschalk, who is in charge of Commercial, will become EVP Denmark. The

present EVP Denmark, Kim Rud-Petersen, will leave the Group Management and the

company. Lars Gøran Bjerklund, who is COO Sweden and director of Motor Claims,

will become EVP Commercial. Other positions in the Group Management will

continue with unchanged responsibilities, with the exception that the Chair

responsibility for Baltics will be transferred from Technology and Development

to Claims.

-The changes will make important contributions to organisational renewal and

dynamics, to be able to better meet the rapid changes we face around us, says

CEO Helge Leiro Baastad.

Gjensidige's Group Management will consist of:

· Helge Leiro Baastad, CEO

· Jostein Amdal, CFO

· Sigurd Austin, EVP Private

· Lars Gøran Bjerklund, EVP Commercial

· Catharina Hellerud, EVP Analytics, Product and Price

· Hege Yli Melhus Ask, EVP Claims

· Aysegul Cin, EVP Sweden

· Mats C. Gottschalk, EVP Denmark

· Janne Merethe Flessum, EVP Communication and Shared Services

· Jørgen Ringdal, EVP Organisation, HR and Security

· Kaare Østgaard, EVP Technology and Development

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

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

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

Exchange. We have about 3,800 employees and offer insurance products in Norway,

Denmark, Sweden and the Baltic states. In Norway, we also offer banking, pension

and savings. Operating income was NOK 27 billion in 2017, while total assets

were NOK 149 billion.

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