GJEB: Gjensidige Bank ASA - contemplating issuance of AT1 capital

Reference is made to the disclosure on 3 May 2017 regarding a potential issuance of Additional Tier 1 capital (AT1).

Gjensidige Bank ASA is contemplating issuance of a perpetual AT1 bond issue with floating interest rate and a call option for the issuer, subject to an approval from the Financial Supervisory Authority of Norway (Finanstilsynet).

The Financial Supervisory Authority of Norway has authorized the issue.

DNB Markets has been appointed as a sole arranger of this contemplated bond issue.

This information is subject to disclosure under Oslo Stock Exchange's ABM rules.

Contact person, DNB Markets:
Jan Krogh-Vennemo, phone: +47 24 16 90 15

Contact persons, Gjensidige Bank ASA:
Head of Treasury: Tor Egil Nedrebø, Tel: +47 406 25 367
Head of Investor Relations: Janne Flessum, Tel: +47 915 14 739

Gjensidige Bank ASA is a wholly owned subsidiary of Gjensidige Forsikring ASA through Gjensidige Bank Holding AS.