Gjensidige Forsikring ASA

Transaction in Own Shares • Feb 21, 2018

CORRECTION: Acquisition of own shares/ primary insider trades

CORRECTION: Acquisition of own shares/ primary insider trades

This is a correction of the disclosure published 30 January 2018 at 07:00 CET.

One share holding in the attachment has been corrected. Gjensidige's holding of

own shares has been corrected.

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On behalf of Gjensidige (OSE:GJF), DNB has on 29 January 2018 acquired 81 918

shares. The shares have been acquired at an average price of NOK 147,9052 per

share.

51 031 shares have been sold to employees, at a price of NOK 147,9052 per share,

as part of the Gjensidige share savings scheme 2017.

Acquisition of shares related to the share savings scheme for the fourth quarter

2017 is now completed.

A total of 8 422 bonus shares are allocated to employees pursuant to the terms

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

further consideration.

30 010 shares have been allocated to executive personnel as variable pay. For a

description of share-based payment to executive personnel, reference is made to

note 25 in the annual report 2016.

Gjensidige now owns 13 534 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.

This information is subject to disclosure under the Norwegian Securities Act

section §5-12.

Contacts:

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

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