Storebrand ASA — Earnings Release 2010

Jul 15, 2010

Storebrand Boligkreditt AS - Interim results for and of the 1st half year 2010

Main feature:

* Pre-tax profit of NOK 26 million for Q2 and NOK 53 million for the first

half of 2010

* Lending volume NOK 13.7 billion, an increase of 7 per cent in the first half

of the year

* Issued covered bonds in EUR redeemed in May 2010.

* Good liquidity

* Lending programme updated in June 2010

For further information contact:

CEO Åse Jonassen, mobile +47 415 77 397

Finance director, Lars Syse Christiansen, mobile +47 994 13 172

This information is subject of the disclosure requirements acc. to §5-12 vphl

(Norwegian Securities Trading Act)

[HUG#1431803]