Gjensidige Forsikring ASA

Capital/Financing Update • Nov 15, 2024

GJF: Granted approval from the FSA for windstorm risk model in Partial Internal Model

GJF: Granted approval from the FSA for windstorm risk model in Partial Internal Model

This release contains inside information related to Gjensidige Forsikring ASA

pursuant to the EU Market Abuse Regulation and is subject to the disclosure

requirements pursuant to Section 5-12 the Norwegian Securities Trading Act.

Gjensidige Forsikring ASA and Gjensidige Forsikring Group are granted approval

from the Financial Supervisory Authority of Norway (FSA) for the modelling of

windstorm risk in the Partial Internal Model (PIM). The change will reduce the

capital requirement in the approved PIM by approximately NOK 1.3 billion. Based

on the approved Partial Internal Model as of 30. September 2024, the Solvency II

ratio for Gjensidige Forsikring Group including the approved change mentioned

above and the Tier 2 loan issued on 29 October 2024 would be 185 per cent.

This release is issued by Mitra Hagen Negård, Head of Investor Relations at

Gjensidige Forsikring ASA. Date and time of publication: 12:08 CET, 15 November

Contact person Gjensidige Forsikring ASA:

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

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