Storebrand ASA — Capital/Financing Update 2017

Feb 13, 2017

Storebrand Bank ASA: Exercise of Call Option NO0010641657

Storebrand Bank ASA: Exercise of Call Option NO0010641657

Storebrand Bank ASA has notified Nordic Trustee ASA, as is trustee for the above

mentioned tier 2 bond, regarding the exercise of the call option and the bond

will be entirely repaid (nominal MNOK150) 12.04.2017 ("Call"):

Call price: 100% of par value plus accrued interest

Settlement date: 12.04.2017

Record date: 10.04.2017

Contact person:

Finance Director Sigbjørn Birkeland, Storebrand ASA: +47 934 80 983