Storebrand ASA - Capital/Financing Update 2019

Storebrand Bank ASA: Mandated arrangers for potential new AT1 and subordinated tier 2 bond issues

Storebrand Bank ASA has mandated Danske Bank and Swedbank Norge for potential

issuance of a new additional tier 1 bond issue of up to NOK 125 million and a

new subordinated tier 2 bond issue of up to NOK 125 million.

The additional tier 1 bond issue will be perpetual with first call 5 years after

the issue date. The subordinated tier 2 bond issue will have a tenor of 10 years

with first call 5 years after the issue date or 11 years with first call 6 years

after the issue date. Both bonds will have floating rate.

Storebrand Bank ASA currently has an outstanding additional tier 1 bond issue of

NOK 75 million (ISIN: NO0010714322 / STORB47 PRO) and a subordinated tier 2 bond

issue of NOK 125 million (ISIN: NO0010714314/ STORB48 PRO) with call options 9

July 2019. Storebrand Bank ASA will consider buying back bonds from these bond

issues as part of the process and/or following the potential bond issues.

The transactions are approved by the general meeting in the bank and approval

was given by the Norwegian FSA 19 December 2018.

Contact information: Einar Andreas Leikanger, Head of Treasury, Storebrand Bank

ASA, tel.: +47 934 203 79

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