Acquisition of own shares / primary insider trades

On behalf of Gjensidige (OSE:GJF), DNB has on May 15 2014 acquired 35,626 shares. The shares have been acquired at an average price of NOK 113.1863 per share.

35,095 shares have been sold to employees, at a price of NOK 113.1863 per share, as part of the Gjensidige share savings scheme.

Gjensidige now owns 70,484 own shares.

Acquisition of shares related to the share savings scheme for the first quarter 2014 is now completed.

Shares sold to primary insider employees are, together with bonus shares allocated pursuant to the terms of previous years’ share savings scheme, disclosed in the attachment. Bonus shares are allocated without further consideration.

For a description of the share savings scheme, see stock exchange release dated December 11 2013.

This information is subject to disclosure under the Norwegian Securities Act section §5-12.

Contacts:

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

Head of Communication: Øystein Thoresen, Tel: +47 952 33 382