Protector Forsikring

Capital/Financing Update • Jul 10, 2015

Contemplating issuing subordinated debt

Contemplating issuing subordinated debt

The Board of Directors of Protector Forsikring ASA has in

a board meeting 09. July directed the administration to

make the necessary preparations for issuing subordinated

debt of not more than MNOK 500.

The Board of Directors will at a later date send notice of

an extraordinary General Meeting to be held before the end

of Q3 2015. The purpose of the General Meeting will be to

enact changes in the Companys Articles of Association, and

to grant the Board of Directors the authorization to issue

subordinated debt. These changes are deemed necessary for

the loan to be fully compliant with both the

"Finansforetaksloven" which comes into force from

01.01.2016, and the Solvency II framework.

The placement of the loan is expected to take place during

the autumn of 2015 subject to the necessary approval from

the extraordinary General Meeting and significant changes

in market conditions.

Issuance is subject to approval from the Financial

Supervisory Authority.

Protector is in dialogue with advisors and managers for

the announced potential transaction.

Contact persons Protector Forsikring ASA:

CEO: Sverre Bjerkeli, Tlf: +47 928 38 072

Acting CFO: Bjørn Johan Bye, Tlf: +47 924 56 923

This information is subject to disclosure under the

Norwegian Securities Act section §5-12