Storebrand ASA - Capital/Financing Update 2026

Successful issuance of Restricted Tier 1 capital by Storebrand Livsforsikring AS

Storebrand Livsforsikring AS, rated A by S&P, refers to the announcement made

today and the company has today issued perpetual Restricted Tier 1 capital which

was substantially oversubscribed, and is split in the following two tranches:

- NOK 500 million with a floating rate coupon equal to 3 months NIBOR + 2.20%

p.a.

- SEK 500 million with a floating rate coupon equal to 3 months STIBOR + 2.10%

p.a.

The bonds will be Solvency II compliant, and all tranches have a first-time call

option for the company 7 years after the settlement date on 12 May 2026, and are

expected to be rated BBB by S&P.

The issuance is approved by the company's General Meeting and by the Norwegian

Financial Supervisory Authority.

DNB Carnegie and Nordea acted as Joint Lead Managers.

Lysaker, 5 May 2026

For further information, please contact:

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

155

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

-12 the Norwegian Securities Trading Act.

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