Storebrand ASA — M&A Activity 2021

Mar 29, 2021

STOREBRAND ASA: Result of tender offer

STOREBRAND ASA: Result of tender offer

Reference is made to the stock exchange notice on 22 March

2021 (https://newsweb.oslobors.no/message/528374). The outcome of Storebrand

Livsforsikring AS' tender offer for up to EUR 50 million in the outstanding

bonds with ISIN XS0909773268 has now been determined.

Storebrand Livsforsikring AS will repurchase EUR 49,998 million at a price of

112,739% of nominal value, and with settlement date 31 March 2021. The

repurchased bonds will be cancelled.

BNP Paribas, Danske Bank and J.P. Morgan acted as Dealer Managers for the tender

offer.

Lysaker, 29 March 2021

For further information, please contact:

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

12 155

Einar Leikanger, Head of Treasury, telephone +47 934 20 379

This information is subject to disclosure under the Norwegian Securities Act

section §5-12.