Tryg Forsikring A/S prices Perpetual Restricted Tier 1 Capital Notes

07 Mar 2023 15:49 CET

NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION IN WHOLE OR IN PART, DIRECTLY OR
INDIRECTLY, IN, INTO OR FROM ANY JURISDICTION WHERE TO DO SO WOULD CONSTITUTE A
VIOLATION OF THE RELEVANT LAWS OR REGULATIONS OF SUCH JURISDICTION.

In accordance with the company announcement dated 6 March 2023, the offering of
the new Perpetual Restricted Tier 1 Capital Notes was priced and subscribed
today with significant investor interest. Tryg Forsikring A/S has accordingly
decided to issue notes for a nominal amount of SEK 900m and NOK 600m (the
"Transaction" of the “Notes”). The Transaction had excess investor demand of
more than 1bn and has been placed primarily with Asset Managers and Funds in all
the Nordic countries.

The Notes will be issued on 20 March 2023. The NOK Notes will have a variable
interest rate of 3M NIBOR +3.45% per annum and the SEK Notes will have a
variable interest rate of 3M STIBOR + 3.50% per annum. The first interest
payment date on the Notes will be 20 June 2023.

The Notes are perpetual and have no fixed date for redemption, however, Tryg
Forsikring A/S has the option, subject to certain Redemption and Purchase
Conditions to redeem all of the SEK Notes and/or the NOK Notes at par on any day
between 20 March and 20 June 2028, and thereafter, on every Interest Payment
Date.

The Notes are expected to be listed on Nasdaq Copenhagen regulated market within
6 months from the Issue Date.

In connection with the Transaction, Tryg Forsikring A/S will purchase SEK 414m
of its outstanding SEK 700,000,000 Floating Rate Perpetual Restricted Tier 1
Capital Notes with ISIN DK0030418249 at a price of 101%. The purchase is
conditional upon certain conditions, including the settlement of the
Transaction.


Additional information:
For further information, visit tryg.com or contact:

Gianandrea Roberti, Investor Relations Officer +45 20 18 82 67
gianandrea.roberti@tryg.dk
Peter Brondt, Investor Relations Manager +45 22 75 89 04 peter.brondt@tryg.dk

This announcement is for information purposes only and is not intended to, and
does not, constitute or
form part of any offer, invitation or solicitation to purchase, otherwise
acquire, subscribe for, sell or otherwise dispose of, any securities or
otherwise in any jurisdiction in which such offer, invitation or solicitation is
unlawful.
This announcement does not constitute a prospectus, prospectus equivalent
document or an exempted document.

About Tryg
Tryg is one of the largest insurance companies in the Nordic region with
activities in Denmark, Norway and Sweden. Tryg provides peace of mind and value
for more than 5.3 million customers on a daily basis. Tryg A/S is listed on
NASDAQ Copenhagen and approximately 45% of the shares are held by
TryghedsGruppen smba. TryghedsGruppen, annually, contributes around DKK 650m to
peace of mind purposes via TrygFonden.

Notice to U.S. investors
This announcement is not for publication or distribution, directly or
indirectly, in or into the United
States of America. This announcement does not constitute an offer to sell, or a
solicitation of offers to purchase or subscribe for, securities in the United
States. The securities referred to herein have not been, and will not be,
registered under the U.S. Securities Act of 1933, as amended, and may not be
offered, exercised or sold in the United States absent registration or an
applicable exemption from registration requirements. No public offering of
securities is being made in the United States.

Cautionary note about forward-looking statements
This announcement (including any information incorporated by reference in this
announcement), oral statements made regarding the potential issuance of Notes
and purchase of Existing Notes, and other information published by Tryg
Forsikring A/S contain statements which are, or may be deemed to be,
"forward-looking statements". Forward-looking statements are prospective in
nature and are not based on historical facts, but rather on current expectations
and projections of the management of Tryg Forsikring A/S about future events,
and are therefore subject to risks and uncertainties which could cause actual
results to differ materially from the future results expressed or implied by the
forward-looking statements. Forward-looking statements often use words such as
"believe", "expect", "estimate", "intend", "anticipate" and words of a similar
meaning, and phrases or statements that certain actions, events or results
"may", "could", "should", "would", "might" or "will" be taken, occur or be
achieved (or, in each case, their negative or other variations). You should not
place undue reliance on these forward-looking statements, which reflect the
current views of Tryg Forsikring A/S, are subject to risks and uncertainties
about Tryg Forsikring A/S and are dependent on many factors, some of which are
outside of Tryg Forsikring A/S' control. There are important factors, risks and
uncertainties that could cause actual outcomes and results to be materially
different. Except as required by law, Tryg Forsikring A/S undertakes no
obligation to publicly update or revise any forward-looking statements, whether
as a result of new information, future events or otherwise.

More information:
Access the news on Oslo Bors NewsWeb site

584476_Tryg Forsikring AS prices Perpetual Restricted Tier 1 Capital Notes.pdf