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GJEB: GJEB28 PRO bond buy-back

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Gjensidige Bank has today bought back nominal SEK 500 million of GJEB28 PRO, ISIN NO0010745789. The bond will be written down with the same amount. Outstanding amount of GJBB28 PRO after the write down is SEK 300 million.

This information is subject to disclosure under Oslo Stock Exchange's ABM rules.

Contact persons, Gjensidige Bank ASA:

Head of Treasury: Tor Egil Nedrebø, Tel: +47 406 25 367

Head of Investor Relations: Janne Flessum, Tel: +47 915 14 739

Gjensidige Bank ASA is a wholly owned subsidiary of Gjensidige Forsikring ASA.

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