Storebrand ASA — Capital/Financing Update 2010

Mar 9, 2010

Issuing senior bonds

Storebrand ASA has today decided to issue senior

unsecured bonds in NOK. DnB NOR Markets is mandated

adviser and bookrunner for the transaction

and can be contacted for further information on

terms and conditions and sales.

Oslo, 9th of March 2009

Contact persons:

Storebrand, Trond Finn Eriksen, 99 16 41 35

DnB NOR Markets, Jan Krogh-Vennemo, 22 01 77 89 eller

Preben Stray, 22 01 77 72

This information is subject of the disclosure requirements acc. to §5-12 vphl

(Norwegian Securities Trading Act)

[HUG#1391967]