Successful issuance of Restricted Tier 1 capital from Storebrand Livsforsikring AS

13 Feb 2025 14:48 CET

Storebrand Livsforsikring AS, rated A by S&P, refers to the announcement on 12
February 2025 and the company has today issued perpetual Restricted Tier capital
which was substantially oversubscribed, and is split in the following two
tranches:

.???????????????????? NOK 700 million with a floating rate coupon equal to 3
months NIBOR + 2.25% p.a.

.???????????????????? SEK 300 million with a floating rate coupon equal to 3
months STIBOR + 2.20% p.a.

The bonds will be Solvency II compliant, and all tranches have a first-time call
option for the company 5 years after the settlement date on 20 February 2025,
and are expected to be rated BBB by S&P.

The issuance is approved by the company's General Meeting and by the Norwegian
Financial Supervisory Authority.

DNB Markets and Nordea acted as Joint Lead Managers.

Lysaker, 13 February 2025

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

For further information, please contact:

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

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