Gjensidige Forsikring ASA

Transaction in Own Shares • Jan 31, 2019

Correction - Acquisition of own shares / primary insider trades

Correction - Acquisition of own shares / primary insider trades

This is a correction of the disclosure published 28 January 2019 at 07:30 CET.

The number of shares sold to employees and Gjensidige's holding of own shares

has been corrected.

On behalf of Gjensidige (OSE:GJF), DNB has on 25 January 2019 acquired 75 481

shares. The shares have been acquired at an average price of NOK 143,004 per

share. 55 207 shares have been sold to employees, at a price of NOK 143,004 per

share, as part of the Gjensidige share savings scheme 2018. Acquisition of

shares for the share savings scheme for the fourth quarter 2018 is now

completed. A total of 9 855 bonus shares are allocated to employees pursuant to

the terms of previous years' share savings scheme. Bonus shares are allocated

without further consideration. 14 011 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 22 in the annual report 2017. Gjensidige

now owns 27 779 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 19 December 2017.

This information is subject to disclosure under the Norwegian Securities Act

section §5-12.

Contacts:

Head of Investor Relations, Mitra Hagen Negård, Tel +47 957 93 631

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