Fremtind Forsikring AS: Successful issuance of Subordinated Tier 2 capital

04 Sep 2025 12:34 CEST

With reference to the announcement dated 1 September 2025, Fremtind Forsikring
AS ("Fremtind"), rated A2 by Moody’s (stable), has today successfully completed
issuance of a NOK 1 billion Subordinated Tier 2 bond issue, which was
significantly oversubscribed. The Subordinated Tier 2 bond will have a floating
rate coupon equal to 3 months NIBOR + 1.30% p.a. and have a tenor of 30.25-years
with a first call option for Fremtind after 5 years, subject to an approval by
the the Financial Supervisory Authority of Norway, if required. Expected issue
rating is Baa1 by Moody’s.

The Tier 2 issue is Solvency II compliant, and the issuance has been authorised
by Fremtind's General Meeting and approved by the Norwegian Financial
Supervisory Authority.

Settlement of the bonds is expected to be 10 September 2025, and the bonds will
be applied for listing on Oslo Børs.

DNB Carnegie acted as Sole Manager.

Oslo, 4 September, 2025

For further information, contact: Sverre V. Kaarbøe, CFO – Tel.: +47 97 62 02 50

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