GJEB: Standard & Poor's puts Gjensidige Bank ASA on CreditWatch positive

On 2 July 2018, Gjensidige Forsikring ASA announced a Share Purchase Agreement with Nordea for the sale of Gjensidige Bank ASA, with closing expected to take place during Q1 2019, subject to customary regulatory approvals.

On 4 July 2018, S&P Global Ratings placed its 'A' long-term and 'A-1' short-term issuer credit ratings on Gjensidige Bank ASA and its subsidiary Gjensidige Bank Boligkreditt AS, on CreditWatch with positive implications.

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

Contact persons:
Head of Treasury: Tor Egil Nedrebø, Tel: +47 406 25 367
Head of Investor Relations: Mitra Hagen Negård, Tel: +47 957 93 631

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