NEW BOARD MEMBERS

NEW BOARD MEMBERS IN STOREBRAND ASA

In a meeting held on 1 June 2010, Storebrand ASA's Board of Representatives re-elected Birger Magnus Chairman of the Board

of Storebrand ASA, and Heidi Skaaret new board member, both for a period of one year.

The sitting board members, John Staunsbjerg Dueholm, Jon Arnt Jacobsen, Annika Lundius, Birgitte Nielsen and Halvor Stenstadvold, were all re-elected for a period of one year.

Following this the Board of Storebrand ASA consists of the following members: Birger Magnus (Chairman of the Board), John Staunsbjerg Dueholm, Jon Arnt Jacobsen, Annika Lundius,  Birgitte Nielsen, Heidi Skaaret, Halvor Stenstadvold, Ann-Mari Gjøstein (elected by employees), Knut Dyre Haug (elected by employees) and Kirsti Valborgland (elected by employees).

NEW BOARD MEMBER IN STOREBRAND LIVSFORSIKRING AS

In a meeting held on 1 June 2010, Storebrand Livsforsikring AS' Board of Representatives elected Tove Storrødvann as a new member of the Board of Storebrand Livsforsikring AS.

The sitting board members, Idar Kreutzer (Chairman of the board), Inger Johanne Bergstøl, Andreas Enger and Egil Thompson, were all re-elected for a period of one year.

Following this the Board of Storebrand Livsforsikring AS consists of the following members: Idar Kreutzer (Chairman of the Board),

Inger Johanne Bergstøl, Andreas Enger, Tove Storrødvann, Egil Thompson, Else-Lill Grønli (elected by employees) and Gorm Leiknes (elected by employees).

Lysaker, 2 June 2010

Contacts:

Chairman of the Board of Representatives, Terje R. Venold - Mobile: (+47) 90 58 23 23

EVP Corporate Communications Egil Thompson - Tel.: (+47) 22 48 95 86, Mobile: (+47) 93 48 00 12

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