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Limited exposure to Amagerbanken A/S

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As a result of the information announced by Amargerbanken A/S 6 February 2011. Storebrand makes the following clarification:

Based on the announcement by Amagerbanken A/S, Storebrand Livsforsikring AS expects a loss of NOK 102 million, of which NOK 74 million is in the customer portfolio and NOK 28 million in the company portfolio. The return in customer portfolios with guarantees in Storebrand Livsforsikring AS will be reduced by 0,04%. The result effect will be booked in Q4 2010.

 

SPP Livförsäkring AB and Storebrand Bank ASA have not had any exposure to Amagerbanken A/S. No mutual funds in the Storebrand Group have had exposure to Amagerbanken A/S.

 

Oslo, 7 February 2011

 

Contact persons:
EVP Corporate Communications Egil Thompson: Mobile (+47) 93 48 00 12
Head of Investor Relations Trond Finn Eriksen: Mobile (+47) 99 16 41 35

 

This information is subject of the disclosure requirements acc. to §5-12 vphl (Norwegian Securities Trading Act)

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