Storebrand ASA - Capital/Financing Update 2023

Storebrand Bank ASA: Contemplating issuance of Additional Tier 1 bonds and buy-back

Storebrand Bank ASA (rated A / Stable by S&P) has mandated DNB Markets as Sole

Manager for a potential issuance of Additional Tier 1 bonds of up to NOK 125

million.

The Additional Tier 1 bonds will carry a floating coupon rate, have a perpetual

tenor and have a first call option for the issuer minimum 5 years after the

settlement date, subject to approval from the Financial Supervisory Authority of

Norway, if required.

In conjunction with the new issue, the bank will consider buy-back, in whole or

in parts, of the outstanding Additional Tier 1 bond issue with ticker STORB57

PRO and ISIN NO0010818511.

The potential bond issue has been approved by the bank's General Meeting.

Lysaker, 8 February 2023.

Contact person in Storebrand Bank ASA:

Einar Leikanger, Head of Treasury, tel: +47 934 20 379.

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

-12 the Norwegian Securities Trading Act.

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