Storebrand ASA

STOREBRAND ASA - Temporary pause in Share Buyback Program in connection with the Annual General Meeting

In a stock exchange announcement of 29 March 2023, Storebrand notified the

initiation of a tranche amounting to a maximum of NOK 500 million in the share

buyback program ("the Program"). The Program was initiated in accordance with

the authorisation granted by the Annual General Meeting ("the AGM") of

Storebrand ASA on 6 April 2022.

In connection with the AGM of Storebrand ASA, there will be a temporary pause in

the Program as of 13 April 2023. The Program will continue when a new

authorisation has been granted by the AGM of Storebrand ASA, and a renewed

approval from the Financial Supervisory Authority is received. It is expected

that this will be in place during April 2023.

For further details on the Program, please see the stock exchange announcement

of 29 March 2023.

Lysaker, 12 April 2023

For further inquiries, please contact:

Trond Finn Eriksen, Investor Relations (interim):

[email protected] or (+47) 991 64 135

Storebrand is a Nordic financial group, delivering increased security and

financial wellness for people and companies. We offer sustainable solutions and

encourage our customers to take good economic decisions for the future. Our

purpose is clear: we create a brighter future. Storebrand has about 55.000

corporate customers, 2.2 million individual customers and manages NOK 1,020

billion. The Group has its headquarter at Lysaker outside of Oslo, Norway.

Storebrand (STB) is listed on Oslo Stock Exchange.

www.storebrand.no

This is information is pursuant to the EU Market Abuse Regulation and subject to

the disclosure requirements pursuant to Section 5-12 the Norwegian Securities

Trading Act.

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