Storebrand ASA — Board/Management Information 2015

Jun 17, 2015

Storebrand Bank ASA: New managing director

Storebrand Bank ASA: New managing director

The board of Storebrand Bank ASA has appointed Bernt Uppstad (45) as Managing

Director of Storebrand Bank ASA. Bernt Uppstad has been with Storebrand for 10

years and has an MSc in Economics and Business Administration (Siviløkonom). He

has previously headed the bank's retail market and currently holds the position

of head of Risk and Administration. Uppstad takes up his new position on 1 July

2015. Current Managing Director Truls Nergaard is leaving Storebrand Bank ASA on

the same day. He has headed the bank since 2010. He will now be responsible for

building up a debt investment unit at Storebrand Livsforsikring AS. The board

wishes to thank Truls Nergaard for his efforts in connection with the

restructuring of Storebrand Bank ASA and the work that was done in adapting the

bank to the group's retail market strategy.

Contacts:

Information Director Elin M. Myrmel-Johansen: Mobile +47 93 48 05 38

Head of Investor Relations Kjetil Ramberg Krøkje: Mobile +47 93 41 21 55