Storebrand Livsforsikring AS, a wholly owned subsidiary of Storebrand ASA, has today decided to issue and sell hybrid tier one capital securities denominated in NOK for a total amount of minimum NOK 1 billion. Nordea Markets is mandated as Joint Lead Manager and Bookrunner for the transaction and can be contacted for further information on terms and conditions. Final size and terms of the issue will be announced when the sales period is over.

 

Oslo, 7 May 2008

 

Contact persons:

Storebrand, Egil Thompson, mobil 93 48 00 12

Nordea Markets, Eindride Stien, mobil 90 76 92 01

 

Lead managers: Nordea Markets, UBS Investment Bank, JPMorgan