Storebrand Livsforsikring AS: Contemplating green Tier 2 bond issuance

09 Sep 2024 08:56 CEST

Storebrand Livsforsikring AS, rated A by S&P, has mandated Danske Bank and
Nordea to arrange a digital fixed income investor meeting on 9th September 2024
at 13:00 CEST. The company contemplates to issue new green Tier 2 bonds in NOK
and/or SEK with fixed and/or floating interest rate. The issuance may be split
in one or more tranches, and each tranche will have a 30.25 year tenor, and the
issuer will have a first call option after 5.25 years. Expected issue size is
500-1,000 million in total, subject to market conditions. The green Tier 2 bond
issuance is expected to be rated BBB+ by S&P and will be Solvency II compliant.

In conjunction with the potential bond issuance the company may consider to buy
-back parts of the outstanding Tier 2 issues with ISIN NO0010820285 and
NO0010886153.

The contemplated new bond issue is approved by the company's general meeting and
the Norwegian FSA (Finanstilsynet).

Lysaker, 9 September 2024

For further information, please contact:

Kjetil R. Krøkje, Group Head of Finance, Strategy and M&A, telephone +47 934 12
155

Nikola Heitmann, Head of Capital Management, telephone +47 416 97 236

This information is subject to the disclosure requirements pursuant to Section 5
-12 the Norwegian Securities Trading Act.

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