Storebrand ASA - Capital/Financing Update 2020

Storebrand ASA - Contemplating senior unsecured bond issue

Storebrand ASA, rated BBB (stable) by S&P, has mandated Danske Bank and Nordea

as arrangers for a new senior unsecured bond issue with an expected tenor of up

to 5 years. Expected volume will be NOK 300 million to NOK 500 million. The

transaction is subject to market conditions.

The proceeds from the contemplated bond issue will be used for refinancing of

debt and for general corporate purposes.

The company may consider a conditional buyback of STB13PRO (ISIN NO0010691884)

due 22 October 2020 in conjunction with the new bond issue.

For further information, please contact:

Kjetil R. Krøkje, Group Head of Finance, Strategy and M&A, telephone +47 934 12

155

Nikola Heitmann, Head of Capital Management, telephone +47 416 97 236

MiFID II professionals/ECPs-only - Manufacturer target market (MiFID II product

governance) is eligible counterparties and professional clients only (all

distribution channels).

No PRIIPs key information document (KID) has been prepared as not available to

retail in EEA

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

Norwegian Securities Trading Act.

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