Protector Forsikring

Capital/Financing Update • Dec 3, 2020

PROTECTOR FORSIKRING ASA - ROADSHOW AND MANDATE ANNOUNCEMENT

PROTECTOR FORSIKRING ASA - ROADSHOW AND MANDATE ANNOUNCEMENT

Protector Forsikring ASA, rated BBB+ by A.M. Best, has mandated DNB Markets to arrange fixed income investor meetings on 7 December 2020. Subject to market conditions, a NOK 500 million Solvency II compliant Tier 2 bond issue with 30 years tenor and minimum 5 years to first call may follow.

The purpose of the new issue is to have the bonds to quality as Tier 2 capital (basic own funds) of the issuer under the applicable regulations, and the proceeds from the contemplated bond issue may also cover a potential redemption of the Tier 2 bond PROTCT02 (ISIN NO0010762917), which has the first call date for the issuer in April 2021. Protector Forsikring may as part of the contemplated new issuance, consider buy-back of this bond issue.

MiFID II professionals/ECPs-only - Manufacturer target market (MiFID II product governance) is eligible counterparties and professional clients only (all distribution channels). No PRIIPs key information document (KID) has been prepared as not available to retail in EEA.

Oslo, 3 December 2020

For further information, please contact:

CFO, Ditlev de Vibe Vanay, mob. +47 934 80 393

This information is subject to disclosure requirements pursuant to §5-12 of the

Norwegian Securities Trading Act.