Storebrand ASA - Capital/Financing Update 2017

STOREBRAND ASA: Capital increase registered in 'Foretaksregisteret'

The capital increase in Storebrand ASA in connenction with the purchase of

shares in SKAGEN AS is today registered in 'Foretaksregisteret'. For more

detailed information about the transaction, reference is made to the stock

exchange announcement published on 25 October 2017. Total share capital in

Storebrand ASA is now NOK 2,339,069,910 and there are total 467,813,982 shares.

The total number of outstanding shares, adjusted for own shares, are

466,840,310.

Lysaker, 8 December 2017

Contact persons/media inquiries:

Head of Investor Relations, Kjetil Ramberg Krøkje:

[email protected] or (+47) 934 12 155

Acting Communications Director, Jan Otto Risebrobakken:

[email protected] or (+47) 480 82 602

Storebrand's ambition is to be the best provider of saving for pensions.

Storebrand will deliver sustainable solutions adapted to the customer's

individual situation, so that each person receives a better pension in a more

sustainable world. Storebrand has about 40.000 corporate customers and 1.9

million individual customers, and is headquartered in Lysaker outside of Oslo,

Norway. Storebrand manages more than NOK 626bn and is Norway's largest asset

manager. We work hard to reach our vision: Recommended by our customers.

Storebrand (STB) is listed on Oslo Stock Exchange.

Visit us at www.storebrand.no and follow us on twitter: @Storebrand_no

This announcement is subject to information pursuant to the Securities Trading

Act § 5-12

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