Storebrand ASA - Board/Management Information 2017

Storebrand ASA: Didrik Munch nominated as the new Board Chairman of Storebrand ASA

The Nomination Committee of Storebrand ASA has unanimously decided to nominate

Didrik Munch (61) as the new Board Chairman of the company, succeeding Birger

Magnus, who is resigning after serving in the office for eight years.

The Nomination Committee has also decided to nominate the sitting board members

for election to a new one-year term after all the members have confirmed they

are willing to stand for re-election.

Didrik Munch graduated from the Norwegian Police Academy in Oslo in 1979 and

earned a law degree (cand. jur.) from the University of Bergen in 1984.

Munch has long and varied experience from the public and private business

sectors, particularly from the finance and media industries. He has been

employed in managerial positions in the DnB Group for five years, most recently

as the Division Director for the Corporate Market. After that, he was the

Managing Director of Bergens Tidende for 10 years, and he has been employed by

the Schibsted Group since 2009, the first three years as the CEO of the

subsidiary Media Norge, and from 2011 in his current position as the CEO of

Schibsted Norge. Munch has thus valuable experience from the challenging digital

development and reorganisation that has taken place in the media industry in

recent years.

The election of a new Board of Directors will take place at the Annual General

Meeting of Storebrand on 5 April 2017.

Lysaker, 8 March 2017

For STOREBRAND ASA

Terje Venold

-Nomination Committee Chairman-

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