Storebrand ASA — Capital/Financing Update 2020

Jan 24, 2020

Storebrand Livsforsikring AS: Call of subordinated bond (ISIN NO0010732464)

Storebrand Livsforsikring AS: Call of subordinated bond (ISIN NO0010732464)

Storebrand Livsforsikring AS has decided to call the perpetual subordinated bond

(ISIN NO0010732464). The bonds will be redeemed at their principal amount on 17

March 2020. The issuer has obtained the consent of the Financial Supervisory

Authority of Norway (Finanstilsynet) for such redemption.

Lysaker, 24 January 2020

Contacts:

Group Head of Strategy and Finance, Kjetil R. Krøkje

tel +47 934 12 155

Head of Capital Management, Nikola Heitmann

tel +47 416 97 236

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

Norwegian Securities Trading Act.