Storebrand ASA - Capital/Financing Update 2014

Storebrand Bank ASA - successfull issuance of Tier 1 and Tier 2 bonds

Storebrand Bank refer to the annoncement on 23 June 2014 regarding a

potential issue of a new Tier 1 and Tier 2 bond issue.

Both issues were well received in the market and is now fully

subscribed.

The Tier 2 bond issue of NOK 125 million will carry a coupon rate of 3

months NIBOR + 1.60% p.a.

The Tier 1 bond issue of NOK 75 million will carry a coupon rate of 3

months NIBOR + 3.30% p.a.

Settlement date for both issues will be 9 July 2014.

Approval to issue the Tier 1 and Tier 2 capital was given by the

Financial Supervisory Authority of Norway on 17 June 2014.

Storebrand Bank was at the same time given an approval to buy back the

two outstanding Tier 1 bond issues: NO0010242076 og NO0010242068

NOK 9.5 million was bought back in ISIN NO0010242076 and NOK 1.5 million

was bought back in ISIN NO0010242068 with settlement date on 9 July

Danske Bank Markets and DNB Markets acted as joint lead arrangers.

Contact person:

Finance Director Sigbjørn Birkeland, Storebrand ASA: +47 934 80 983

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