GJF: Granted approval from the FSA for windstorm risk model in Partial Internal Model

15 Nov 2024 12:09 CET

This release contains inside information related to Gjensidige Forsikring ASA
pursuant to the EU Market Abuse Regulation and is subject to the disclosure
requirements pursuant to Section 5-12 the Norwegian Securities Trading Act.

Gjensidige Forsikring ASA and Gjensidige Forsikring Group are granted approval
from the Financial Supervisory Authority of Norway (FSA) for the modelling of
windstorm risk in the Partial Internal Model (PIM). The change will reduce the
capital requirement in the approved PIM by approximately NOK 1.3 billion. Based
on the approved Partial Internal Model as of 30. September 2024, the Solvency II
ratio for Gjensidige Forsikring Group including the approved change mentioned
above and the Tier 2 loan issued on 29 October 2024 would be 185 per cent.

This release is issued by Mitra Hagen Negård, Head of Investor Relations at
Gjensidige Forsikring ASA. Date and time of publication: 12:08 CET, 15 November
2024.

Contact person Gjensidige Forsikring ASA:
Head of Investor Relations: Mitra H. Negård, Tel: +47 957 93 631
Head of Communication: Øystein Thoresen, Tel: +47 952 33 382

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