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

12 Apr 2023 17:26 CEST

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):
trond.finn.eriksen@storebrand.no 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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