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Gjensidige Forsikring ASA

Transaction in Own Shares • Oct 30, 2017

3606_dirs_2017-10-30_b566d7bf-596a-4690-a832-5d9d69803a9d.pdf

Transaction in Own Shares

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Acquisition of own shares / primary insider trades

On behalf of Gjensidige (OSE:GJF), DNB has on 27 October 2017 acquired 54,574 shares. The shares have been acquired at an average price of NOK 151.3529 per share.

43,914 shares have been sold to employees, at a price of NOK 151.3529 per share, as part of the Gjensidige share savings scheme 2017.

Acquisition of shares related to the share savings scheme for the third quarter 2017 is now completed.

A total of 8,853 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 21,072 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 21 December 2016.

Head of Investor Relations Janne Flessum. Tel: 47 915 14 739

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