Approval of joint merger plan

Oslo, Dec 21 2017

Reference is made to the stock exchange release published by Insr Insurance Group ASA ("Insr" or the "Company") on 30 November 2017, where the Company announced that the Company's acquisition of 100% of the shares in Nemi Forsikring AS ("Nemi") had been closed. The approval of the acquisition by the Norwegian Financial Supervisory Authority was made conditional upon a merger between Insr and Nemi taking place within 30 May 2017.

The boards of directors of Insr and Nemi have approved a joint merger plan for the two companies in accordance with the provisions relating to mergers of parent companies and wholly owned subsidiaries. The completion of the merger is conditional upon obtaining the approval from the Norwegian Financial Supervisory Authority.

The merger plan and related documents are available at www.insr.io and Insr's offices at Haakon VII's gate 2, 0161 Oslo.

This information is subject to the disclosure requirements to section 5-12 of the Norwegian Securities Trading Act.

Anne B. Knudtzon
SVP Business Controlling & Investor Relations
Phone: +47 926 10 606
E-mail: Anne B. Knudtzon

Insr Insurance Group ASA was established in 2009 and is an independent insurance group listed on the Oslo Stock Exchange, with headquarters in Oslo. Insr has a license for all groups of non-life insurance, except for credit and guarantee insurance. The Company's main focus is on the market for property and casualty insurance for the retail and small & medium sized enterprise segments in Norway and Denmark. Insr distributes its products mainly through insurance agents and partners.

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