Gjensidige Bank: Standard & Poor’s Rating

Standard & Poor’s has today published it's first rating assignment to Gjensidige Bank ASA:

Long Term Rating: BBB+

Outlook: Stable

Attached is Standard & Poor’s rating letter.

Future information regarding ratings will be published on www.gjensidige.com

Head of Information Christian H. Haraldsen. Tel: 47 907 87 449

Gjensidige is a leading Nordic insurance group built by customers, for customers. The Group has been listed on the Oslo Stock Exchange since 2010. For nearly 200 years, we have worked passionately to secure the lives, health and assets of our customers. We have about 3,100 employees and offer insurance products in Norway, Denmark, Sweden and the Baltic states. In Norway, we also offer banking, pension and savings. Gjensidige Bank, which is a wholly-owned subsidiary of Gjensidige Forsikring ASA, offers electronic distribution of day-to-day banking services and consumer financing. The Group’s operating income was NOK 19.4 billion in 2011, while total assets was NOK 88.5 billion.