Tryg Forsikring A/S prices Perpetual Restricted Tier 1 Capital Notes

11 Nov 2025 17:21 CET

Tryg Forsikring A/S prices Perpetual Restricted Tier 1 Capital Notes
NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION IN WHOLE OR IN PART, DIRECTLY OR
INDIRECTLY, IN, INTO OR FROM ANY JURISDICTION WHERE TO DO SO WOULD CONSTITUTE A
VIOLATION OF THE RELEVANT LAWS OR REGULATIONS OF SUCH JURISDICTION.

In accordance with the company announcement dated 10 November 2025, the offering
of the new Perpetual Restricted Tier 1 Capital Notes was priced and subscribed
today with significant investor interest. Tryg Forsikring A/S has accordingly
decided to issue notes for a nominal amount of NOK 300m and SEK 700m (the
"Transaction" of the "Notes"). The Transaction had excess investor demand of
more than NOK/SEK 2.65bn when books closed and has been placed primarily with
Asset Managers and in all the Nordic countries.

The Notes will be settled on 19 November 2025. The NOK Notes will have a
floating interest rate of 3M NIBOR + 2.10% per annum and the SEK Notes will have
a floating interest rate of 3M STIBOR + 2.10% per annum. The first interest
payment date on the Notes will be 19 February 2026.

The Notes are perpetual and have no fixed date for redemption, however, Tryg
Forsikring A/S has the option, subject to certain Redemption and Purchase
Conditions to redeem all of the NOK Notes and/or the SEK Notes at par on any day
between 19 May 2031 and 19 August 2031, and thereafter, on every Interest
Payment Date.

The Notes are expected to be listed on Nasdaq Copenhagen regulated market on or
before 1 June 2026.

In connection with the Transaction, Tryg Forsikring A/S will purchase SEK 682m
of its outstanding SEK 1,000,000,000 Floating Rate Perpetual Restricted Tier 1
Capital Notes with ISIN DK0030484621 at a price of 100.75%. The purchase is
conditional upon certain conditions, including the settlement of the
Transaction.

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

659349_Tryg Forsikring AS Prices Tier 1 Notes.pdf