Storebrand ASA — Capital/Financing Update 2015

Jul 11, 2015

Storebrand Bank ASA: S&P revises Storebrand Livsforsikring AS rating

Storebrand Bank ASA: S&P revises Storebrand Livsforsikring AS rating

Standard and Poor's, the rating agency, has revised the Storebrand

Livsforsikring AS's Financial Strength Rating from A-(negative outlook) to BBB+

(stable outlook). In its research update, Standard and Poor's states that the

rating action is based on heightened risk from prolonged low interest rates: 'We

project that low interest rates will persist for longer than we previously

expected, both in Norway and Sweden, which will prolong the potential for

volatility in Storebrand's capital and earnings owing to adverse market

movements.'.

Storebrand ASA's rating (group holding company) is lowered to BBB-(stable

outlook) from BBB (negative outlook). Storebrand Bank ASA's rating is affirmed

at BBB+/A-2 (negative outlook).

This is a translation of a company announcement in Norwegian. In case of

discrepancies, the Norwegian version prevails.

Lysaker, 11 July 2015

Contacts:

Finance Director Sigbjørn Birkeland: sigbjorn.birkeland@storebrand.no or +47 934

80 893

Head of IR Kjetil Krøkje: kjetil.r.krokje@storebrand.no or +47 934 12 155