Storebrand ASA - Capital/Financing Update 2015

Storebrand ASA contemplating bond buy-back

Storebrand ASA (the "Company") is contemplating a 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 buy-back will be conducted as a "reverse Dutch auction", where Storebrand

ASA, through the Managers, will receive offers for desired volume(s) at desired

price(s) for sale from the bondholders on a confidential basis.

All bondholders (subject to legal constraints, if any) are hereby invited and

are eligible to provide offers for sale of all or a portion of their bonds

through submission of the attached bondholders offer form (the "Bondholders

Offer Form").

Due date for submission is 16:00 CET 16 December 2015. Prior to 09:00 CET 17

December 2015, Storebrand ASA will decide upon an eventual buy-back prices (the

"Buy-Back Price") and consequently the total amount of STB10 Pro and STB11 Pro

bonds purchased (if any). All bondholders with offers equaling the Buy-Back

Prices or lower will receive the Buy-Back Price on amounts offered within the

price range. Cash settlement including accrued interests is set to 23 December

Parallel with the potential buy- back, Storebrand is pleased to announce a new 3

year bank facility of NOK 800 million with Nordea and SEB as lenders, which is

expected to be signed in short time.

Nordea Markets and SEB are acting as Managers for the buy-back.

All submissions of Bondholders Offer Form are to be sent by e-mail to Nordea

Markets, Debt Capital Markets and/or SEB, Debt Capital Markets no later than

16:00 CET 16 December 2015, represented by:

Håvard Woldstad, e-mail:

Petter Andreassen, e-mail: [email protected]

Attachment: Bondholders Offer Form

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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