S&P assigns 'BBB+' rating to the Tier 2 bond issued on 29 October

30 Oct 2024 13:42 CET

S&P Global Ratings yesterday assigned its 'BBB+' issue rating to the Tier 2 NOK
900 million subordinated bond issued by Gjensidige Forsikring ASA on 29 October
2024. Please see attachment for detailed information.

For further information, please contact:
Mitra Hagen Negård, Head of Investor Relations, tel. +47 957 93 631.

This information is subject to disclosure under the Norwegian Securities Act
section §5-12.

Gjensidige is a leading Nordic insurance group listed on the Oslo Stock
Exchange. We have about 4,500 employees and offer insurance products in Norway,
Denmark, Sweden and the Baltic states. In Norway, we also offer pension and
savings. The Group's operating income was NOK 36 billion in 2023, while total
assets were NOK 148 billion.

More information:
Access the news on Oslo Bors NewsWeb site

630737_RatingsDirect_NorwayBasedInsurerGjensidigesProposedSubordinatedTier2DebtRatedBBB_59790821_Oct_30_2024.pdf