Storebrand ASA — Capital/Financing Update 2018

Mar 21, 2018

STOREBRAND LIVSFORSIKRING AS - SUCCESSFUL PLACEMENT OF NEW TIER 2 BOND ISSUE

STOREBRAND LIVSFORSIKRING AS - SUCCESSFUL PLACEMENT OF NEW TIER 2 BOND ISSUE

Storebrand Livsforsikring AS has today successfully issued a new SEK 900,000,000

Solvency II compliant Tier 2 bond issue with a coupon of 3M Stibor + 2.50 per

cent. The bonds mature 27 March 2048 and provide for a first call by Storebrand

Livsforsikring AS on 27 March 2025. 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.

Danske Bank and Nordea acted as Joint Lead Managers for the bond issue.

For further information: Nikola Heitmann, Head of Capital Management, telephone

+47 416 97 236 Einar Leikanger, Head of Treasury, telephone +47 934 20 379

This information is subject to disclosure requirements pursuant to §5-12 of the

Norwegian Securities Trading Act.