Storebrand ASA - Capital/Financing Update 2015

Storebrand ASA: bond buy-back

Storebrand ASA refers to the company announcement 15 December 2015 regarding a

contemplated buy-back of up to NOK 800 million nominal outstanding amount of

STB10 PRO (ISIN: NO0010605652) and STB11 PRO (ISIN: NO0010647159) senior

unsecured bonds maturing on 5 April 2016 and 24 May 2017 respectively.

The "reverse Dutch auction" closed 16:00 CET 16 December 2015. Storebrand ASA

has decided to accept all offers up to and including a price of 100.237% of par

value plus accrued unpaid interest in STB10 PRO and 101.37% of par value plus

accrued unpaid interest in STB11 PRO ("the Buy-Back Prices"). Storebrand ASA

hereby confirms to buy back a nominal amount of NOK 445.5 million in STB10 PRO

and 225.5 million in STB11 PRO by paying the Buy-Back Prices.

Post cash settlement on 23 December 2015, Storebrand ASA holds NOK 445.5 million

nominal of the total NOK 1,000 million nominal outstanding amount in STB10 PRO

and NOK 225.5 million nominal of the total NOK 850 million nominal outstanding

amount in STB11 PRO. All these bonds owned by Storebrand ASA will be discharged

after settlement.

For further information, please contact:

Sigbjørn Birkeland, (Finance Director), (+47 93 48 08 93)

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

(Norwegian Securities Trading Act)

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