Storebrand ASA - M&A Activity 2020

STOREBRAND ASA: Transaction with Insr approved

The Extraordinary General Meeting of Insr Insurance Group ASA ("Insr") has today

approved the sale of insurance portfolios to Storebrand Forsikring AS, initially

announced in a stock exchange

notification (https://newsweb.oslobors.no/message/511307) on 14 August 2020. The

agreement will come into force on 1 December 2020 and has been approved by the

Norwegian Financial Supervisory Authority and Competition Authority.

Lysaker, 5 October 2020

Group Head of Strategy, Finance and M&A Kjetil Ramberg Krøkje:

[email protected] or (+47) 934 12 155

Head of Investor Relations and Rating Daniel Sundahl:

[email protected] or (+47) 913 61 899

Media requests:

SVP Communications, Margrethe Assev:

[email protected] or (+47) 951 55 056

Storebrand's ambition is to provide our customers with financial freedom and

security by being the best provider of long-term savings and insurance.

Storebrand will deliver sustainable solutions adapted to the customer's

individual situation, so that each person receives a better pension in a more

sustainable world. Storebrand has about 40.000 corporate customers and 2 million

individual customers, and has its headquarter at Lysaker outside of Oslo,

Norway. Storebrand manages NOK 880 bn and is one of the largest asset managers

in the Nordics. We work hard to fulfil our mission: A future to look forward to.

Storebrand (STB) is listed on Oslo Stock Exchange. Visit us at www.storebrand.no

and follow us on Twitter: @Storebrand_no This announcement is subject to

information pursuant to the Securities Trading Act § 5-12.

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