Storebrand ASA - M&A Activity 2022

Storebrand Livsforsikring AS: Danica transaction approved

Reference is made to the stock exchange notification on 20 December 2021, where

it was announced that Storebrand Livsforsikring AS has entered into an agreement

to buy 100% of the shares in Danica Pensjonsforsikring AS, Norway ("Danica").

The transaction has now received all the necessary regulatory approvals. Closing

of the transaction is expected soon, but after the conclusion of the 2nd quarter

Lysaker, 22 June 2022

For further inquiries, please contact:

Head of Investor Relations & 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. 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 1,040 bn and is one of the largest asset

managers in the Nordics. Storebrand (STB) is listed on Oslo Stock Exchange.

Visit us at http://www.storebrand.no

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