Storebrand ASA - Capital/Financing Update 2022

Storebrand Livsforsikring AS: Contemplating issuance of a new green Tier 2 bond issue

Storebrand Livsforsikring AS, rated A by S&P, has mandated DNB Bank and Nordea

to arrange a digital fixed income investor meeting on 7 November 2022 at 15:00

CET.

The company contemplates to issue a new green Tier 2 bond issue in NOK and/or

SEK with fixed and/or floating interest rate. The issuance may be split in one

or more tranches, and each tranche will have a 30 year tenor, and the issuer

will have a first call option after minimum 5 years. Expected issue size minimum

500 million in NOK or SEK, subject to market conditions.

The green Tier 2 issue is expected to be rated BBB+ by S&P and will be Solvency

II compliant.

In conjunction with the potential bond issuance the company may consider to buy

-back of the outstanding Tier 2 issue with ISIN NO0010810237.

The contemplated new bond issue is approved by the company's general meeting

and the Norwegian FSA (Finanstilsynet).

Oslo, 7 November 2022

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

This information is subject to the disclosure requirements pursuant to Section 5

-12 the Norwegian Securities Trading Act.

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