Protector Forsikring — Capital/Financing Update 2022

Feb 7, 2022

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 virtual fixed income investor meetings commencing Tuesday, 8 February 2022. Subject to market conditions, a NOK 400 million Solvency II compliant Tier 2 bond issue with 30 years tenor and minimum 5.25 years to first call may follow.

The purpose of the new issue is to have the bonds to qualify 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 PROTCT03 (ISIN: NO0010790074) with first call date in March 2022.

Subject to a successful issuance Protector Forsikring will offer a buy-back of PROTCT03 (ISIN: NO0010790074) 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, 7 February 2022.

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.