Primary insider assignment of remuneration shares

Primary insider Erik Ranberg has been allocated 864 shares as variable pay for 2018. His total number of shares not redeemed (remuneration and share savings scheme) is 2609 and his shareholding (including closely related parties) is 12 256.

For a description of the share-based remuneration scheme for executive personnel, please see note 22 in the 2018 annual report.

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

Contacts:

Head of Investor Relations, Mitra Hagen Negård, Tel +47 957 93 631

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

About Us

Gjensidige is one of the leading players in the Nordic general insurance market. The group offers general insurance products in Norway, Sweden, Denmark and the three Baltic countries. In addition the group offers online retail banking, pension and savings products and health care services in Norway. Gjensidige is one of Norway’s most well-known brands. Both the company logo and the Watchman have a high recognition factor. The roots of the general insurance operations can be traced back to the 1820s, while the Watchman has been an insurance trademark for more than 75 years. 2007 and 2008 saw the launch of the Watchman logo in the other countries where Gjensidige offers insurance products. The group’s health services has been branded Hjelp24.

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