STOREBRAND ASA: Share buyback program completed

22 Sep 2023 12:07 CEST

Storebrand's buyback program, announced on 14 July 2023, is now completed.

The total number of shares purchased under the program was 5 806 821 at an
average price of NOK 86.11 per share, for a total consideration of NOK 500
million.

Following the transactions, Storebrand ASA owns a total of 12 627 409 own
shares, representing 2.71% of Storebrand ASA's share capital.

The shares repurchased under the buyback program will be redeemed (i.e.
cancelled), subject to permission from the Financial Supervisory Authority and
resolution from Storebrand ASA's General Meeting in 2024.

Overview of transactions

Date Aggregate daily Volume weighted Total
volume (no. of average price transaction
shares) (NOK) value (NOK)
18.09.2023 85 000 86.50 7 352 653
19.09.2023 75 000 86.18 6 463 658
20.09.2023 35 000 86.52 3 028 372
21.09.2023 125 000 87.17 10 896 213
22.09.2023 39 207 86.50 3 391 268
Total previously announced 5 447 614 86.07 468 867 828
transactions under the
program:
Total transactions under the 5 806 821 86.11 499 999 991
program:

Attachment: An overview of all the completed transactions under the program for
the dates specified above is attached to this notification and available on
www.newsweb.no.

Lysaker, 22 September 2023

For further inquiries, please contact:

Johannes Narum, Head of Investor Relations:
johannes.narum@storebrand.no or (+47) 993 33 569

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 1,143
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.

More information:
Access the news on Oslo Bors NewsWeb site

600102_Trade_File_STB_Buybacks_22_09_2023.pdf