Storebrand ASA — Capital/Financing Update 2014

Dec 22, 2014

The rating agency Moody's downgrades Storebrand Banks's long-term depoits ratings to Baa2 from Baa1

The rating agency Moody's downgrades Storebrand Banks's long-term depoits ratings to Baa2 from Baa1

The rating agency Moody's downgrades Storebrand Banks's long-term depoits

ratings to Baa2 from Baa1. Outlook remains negative. Moody's states that the

rating action on the bank is driven primarily by the weakened capacity of the

parent group's main operating company, Storebrand Livforsikring AS, to provide

support, as indicated by Moody's downgrade of the Storebrand Livsforsikring AS

financial strength rating to Baa1 from A3 on 17 December 2014. The rating of

Storebrand Boligkreditt AS cover Bond program is unchanged Aaa.

Lysaker, 22 December 2014

Contact

Finance Director Sigbjørn Birkeland, M: +47 934 80 893