Storebrand ASA — Capital/Financing Update 2016

Oct 3, 2016

Storebrand ASA: Storebrand Livsforsikring AS issues subordinated bonds

Storebrand ASA: Storebrand Livsforsikring AS issues subordinated bonds

Storebrand Livsforsikring AS has today successfully issued SEK 750 million

Solvency II Compliant Dated Callable Subordinated Bonds, with a coupon of 3M

Stibor + 3.25 per cent. The bonds mature 11 October 2046 and provide for an

optional call by Storebrand Livsforsikring AS on 11 October 2021. The bonds will

qualify as Tier II capital under the European Solvency II regulatory capital

regime for insurers.

The bonds will be applied for listing on Oslo Børs.

Skandinaviska Enskilda Banken AB (publ) and Swedbank AB (publ) acted as Joint

Lead Managers for the bond issue.

Lysaker, 3 October 2016

For further information:

Sigbjørn Birkeland, Finance Director Storebrand, telephone +47 934 80 893

Lars Kramer, VP Capital Management Storebrand, telephone +47 900 68 287