Tryg Forsikring A/S mandates Restricted Tier 1 Capital Notes transaction

10 Nov 2025 09:30 CET

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Tryg Forsikring A/S mandates Restricted Tier 1 Capital Notes transaction
Tryg Forsikring A/S (the Issuer), rated A1 (Positive) by Moody's, has mandated
Danske Bank and Nordea as Joint Lead Managers to arrange a digital fixed income
investor meeting on Monday 10 November 2025 at 13:30 CEST, and to explore
subsequent issuance of one or more Perpetual Restricted Tier 1 Capital Notes
(the Notes). The Notes will be NOK- and/or SEK-denominated and carry a floating
rate of interest for the targeted 5.75-year maturity to first call, subject to
market conditions. The Notes are expected to be rated Baa3 by Moody's and will
feature a principal write-down loss absorption mechanism with a discretionary
reinstatement condition.

In connection with the contemplated issuance of the Notes, the Issuer is
contemplating to purchase some or all of its outstanding SEK 1,000,000,000
Floating Rate Perpetual Restricted Tier 1 Capital Notes (kapitalbeviser) with
ISIN DK0030484621 (the Existing Notes). Any purchase by the Issuer of Existing
Notes will be executed in the absolute and sole discretion and determination of
the Issuer and any such purchase shall be conditional upon (i) the successful
completion of the issuance and settlement of the Notes, (ii) receipt by the
Issuer of the proceeds of the issuance of the Notes, (iii) that the Issuer's
purchase of the Existing Notes is funded out of the proceeds of the Notes and
(iv) the satisfaction of each of the Redemption and Purchase Conditions as set
out and as defined in the terms and conditions of the Existing Notes (together
the Purchase Conditions). The purchase price for any such purchase of Existing
Notes will be announced when determined by the Issuer, expectedly in conjunction
with the announcement of pricing of the contemplated issue of the Notes.

MIFID II product governance / Professional investors and eligible counterparties
only target market / No PRIIPs KID: The target investors of the Notes are only
eligible counterparties and professional clients (all distribution channels). No
packaged retail and insurance-based investment products (PRIIPs) key information
document (KID) has been prepared as the Notes are not available to retail
investors in the European Economic Area or the United Kingdom.

Additional information:
For further information, visit tryg.com (https://tryg.com/en) or contact:
Head of Financial Reporting, Gianandrea Roberti at +45 20 18 82 67 or
gianandrea.roberti@tryg.dk (mailto:gianandrea.roberti@tryg.dk)
Head of Investor Relations, Robin H. Løfgren at +45 41 86 25 88 or
robin.loefgren@tryg.dk (mailto:robin.loefgren@tryg.dk)

This announcement is for information purposes only and is not intended to, and
does not, constitute or form part of any offer, invitation or solicitation to
purchase, otherwise acquire, subscribe for, sell or otherwise dispose of, any
securities or otherwise in any jurisdiction in which such offer, invitation or
solicitation is unlawful.

This announcement does not constitute a prospectus, prospectus equivalent
document or an exempted document.

More information:
Access the news on Oslo Bors NewsWeb site

659184_Tryg Forsikring AS Mandate Announcement.pdf