Storebrand ASA - Capital/Financing Update 2021

Storebrand Livsforsikring AS: Contemplating new green bond issue and tender offer

Storebrand Livsforsikring AS, rated A- by S&P, has mandated BNP Paribas, Danske

Bank and J.P. Morgan as Joint Bookrunners, and J.P. Morgan as Sole Green

Structuring Agent to the Issuer, to arrange a series of fixed income investor

calls to present its newly established Green Bond Framework. A EUR 300m green

30.5NC10.5 year Tier 2 subordinated transaction will follow, subject to market

conditions. The green bond is expected to be rated BBB by S&P and a Second Party

Opinion has been made available by Sustainalytics.

In conjunction with the contemplated new green bond issuance, Storebrand

Livsforsikring AS has also launched a tender offer for up to EUR 50m in the

outstanding bonds with ISIN XS0909773268.

Lysaker, 22 March 2021

For further information, please contact:

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

12 155

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

This information is subject to disclosure under the Norwegian Securities Act

section §5-12.

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