Storebrand ASA - Major Shareholding Notification 2015

Disclosure notification for shareholdings

Franklin Resources, Inc., a diversified financial

services company, and its affiliates perform

investment management, advisory and related services

for clients on a global basis.

Franklin Resources, Inc. itself does not own any

shares of the company; rather the shareholdings are

beneficially held by a group of funds and managed

accounts that are managed by investment advisers

directly or indirectly owned by Franklin Resources,

Inc.

Franklin Resources, Inc., on behalf of Franklin

Mutual Advisers, LLC ("FMA"), acting in the capacity

as discretionary investment manager to underlying

funds and managed accounts hereby gives notice that

due to a series of transactions, FMA's shareholdings

in Storebrand ASA, as of 04 February, 2015, has

fallen below the 5% threshold to 4.95% of issued

shares and votes, which totals to 22,274,450 shares.

For purposes of this Notification, an outstanding

share figure of 449,909,891 shares was used to

calculate the percentage.

At the present time, no individual fund or managed

accounts shareholdings managed by FMA holds 5% or

more of the total voting rights in Storebrand ASA.

The underlying funds and managed accounts managed by

FMA do not hold any rights to shares in Storebrand

ASA.

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