GJF: Partial Internal Model change not approved

Gjensidige Forsikring ASA and Gjensidige Forsikring Group’s application to the Financial Supervisory Authority of Norway (FSA) for certain adjustments of the regulatory approved Partial Internal Model (PIM) has not been approved. The adjustments which were applied for were related to improvements in the calibration of market risk with a potential reduction of the capital requirement by approximately NOK 0.5 billion.

Gjensidige will consider to appeal the decision and will continue the dialogue with the FSA on the remaining factors which comprise the difference between the approved and own PIM.

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

Contact person Gjensidige Forsikring ASA:

Head of Investor Relations: Mitra H. Negård, Tel: +47 957 93 631

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