Capital reduction completed

In accordance with the purpose of the buy-back program carried out by Storebrand ASA ("Storebrand") from 18 July 2022 to 21 October 2022, the company's annual general meeting held on 13 April 2023 decided to reduce the company's share capital with NOK 32,385,120 from NOK 2,359,874,450 to NOK 2,327,489,330, by deletion of 6,477,024 shares.

The capital reduction was filed with the Norwegian Register of Business Enterprises on 18 April 2023. The subsequent creditor notice period of six weeks has now expired, and the capital reduction has therefore been completed in accordance with the resolution from the annual general meeting. The new share capital of Storebrand is NOK 2,327,489,330 divided between 465,497,866 shares of NOK 5.00 each.

For further inquiries, please contact:

Trond Finn Eriksen, Investor Relations (interim): trond.finn.eriksen@storebrand.no or (+47) 991 64 135

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