Protector Forsikring

Capital/Financing Update • Nov 24, 2021

PROTECTOR FORSIKRING ASA – FIXED INCOME INVESTOR MEETINGS AND MANDATE ANNOUNCEMENT

PROTECTOR FORSIKRING ASA – FIXED INCOME INVESTOR MEETINGS AND MANDATE ANNOUNCEMENT

Protector Forsikring ASA, rated bbb+ (Good) Stable outlook by A.M. Best, has mandated Nordea and Pareto Securities as Joint Lead Arrangers to arrange a series of fixed income investor meetings commencing Thursday, 25 November 2021. Subject to market conditions, a NOK or SEK equivalent 350 million Solvency II compliant Perpetual Restricted Tier 1 bond issue with minimum 5 years to first call may follow.

The purpose of the contemplated new issue is for the bonds to qualify as Restricted Tier 1 Instruments for the issuer for the purpose of applicable regulations, and the proceeds from the contemplated bond issue may also cover a potential redemption of PROTCT04 (ISIN: NO0010790066) with first call date in March 2022.

Protector Forsikring will offer a buy-back of PROTCT04 (ISIN: NO0010790066) conditional upon subscription into the new bond in connection with the contemplated transaction.

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, 24 November 2021

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.