STOREBRAND ASA - Initiating Share Buyback Program

11 Feb 2026 07:30 CET

The Board of Storebrand ASA ("the Board") has decided to continue the share
buyback program today, 11 February 2026, with a tranche amounting to a maximum
of NOK 1.0 billion ("the Program"). This is equivalent to approx. 1.3% of the
share capital in Storebrand ASA given the last closing price of NOK 174.1. The
Program will end no later than 3 July 2026. In connection with the AGM of
Storebrand ASA, there will be a temporary pause in the Program from April 6 to
April 9, 2026.

On February 10 2026, Storebrand received an approval from the Norwegian
Financial Supervisory Authority (NFSA) to conduct share buybacks of NOK 2
billion for 2026. The Board has decided to continue the buyback Program with a
first tranche amounting to NOK 1.0 billion today. The Program is in accordance
with the authorisation granted to the Board by the Annual General Meeting of
Storebrand ASA ("the AGM") on 9 April 2025. The Board intends to launch a second
tranche of NOK 1.0 billion in the second half of 2026, subject to a solvency
margin above 175%.

The share buyback program will be carried out by way of repurchases in the
market. Storebrand has entered into a non-discretionary agreement with a third
party who will make its trading decisions independently of, and uninfluenced by,
Storebrand.

In accordance with the authorisation from the AGM, the minimum price that can be
paid per share is NOK 5, and the maximum price is NOK 300. According to the AGM
resolution, the maximum number of own shares that can be purchased by the
company is limited to 43,548,450. Given the amount of shares acquired in 2025
under the authorisation, the company can purchase up to 38,672,967 shares under
the Program.

The purpose of the Program is to return excess capital to shareholders by
reducing the share capital of the company, and to acquire shares for the
Company's remuneration program for management and stock purchase scheme for
employees. According to Storebrand's capital management framework, the Board
intends to buy back shares when the solvency margin is above 175%.

The shares repurchased under the buyback program that are not used for the
company's remuneration program or stock purchase scheme for employees, will be
redeemed (i.e. cancelled) subject to approval by the AGM.

Transactions will be conducted in accordance with the Market Abuse Regulation
(EU) No 596/2014 ("MAR") and Commission Delegated Regulation (EU) No 2016/1052
("Safe Harbour Regulation") as further set out i.a. in the Norwegian Securities
Trading Act of 2007 and the Oslo Stock Exchange's Guidelines for buy-back
programs and price stabilisation dated February 2021. Transactions will be
reported on a weekly basis.

This information is pursuant to the EU Market Abuse Regulation and subject to
the disclosure requirements pursuant to Section 5-12 the Norwegian Securities
Trading Act.

Lysaker, 11 February 2026

For further inquiries, please contact:

Johannes Narum, Head of Investor Relations:
johannes.narum@storebrand.no or (+47) 993 33 569

Storebrand is a Nordic financial group, delivering increased security and
financial wellness for people and companies. We offer sustainable solutions and
encourage our customers to take good economic decisions for the future. Our
purpose is clear: we create a brighter future. Storebrand has about 61,000
corporate customers, 2.6 million individual customers and manages NOK 1,609
billion. The Group has its headquarter at Lysaker outside of Oslo, Norway.
Storebrand (STB) is listed on Oslo Stock Exchange.

www.storebrand.no

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