Storebrand ASA - Capital/Financing Update 2014

Storebrand Livsforsikring AS: Storebrand Livsforsikring AS successfully issues NOK 1.100 million perpetual subordinated bonds

Storebrand Livsforsikring AS has successfully placed NOK 1.100 million

perpetual subordinated bonds, with a coupon of 3M Nibor + 2.7 per cent.

The bonds provide for an optional call by Storebrand Livsforsikring AS

on 25 March 2024, and an optional or mandatory deferral of interest

under certain circumstances. The bonds will qualify as available

solvency capital under the prevailing European regulatory capital regime

for insurers and are also intended to qualify as Tier 2 capital under

future European regulatory capital requirements for insurers (Solvency

II). The bonds will be sought listed on Oslo Stock Exchange.

The proceeds of the issue will be used to refinance existing debt.

Nordea Markets and Swedbank acted as Joint Lead Managers for the bond

issue.

Lysaker, 11 March 2014

For further information:

Sigbjørn Birkeland, Finance Director Storebrand ASA, telephone +47 934

80 893

Trond Finn Eriksen, Head of Investor Relations, telephone +47 991 64 135

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