STB - adequate capital position

Following continued negative equity market performance and high levels of volatility, Storebrand would like to emphasize that the company has an active risk management policy and that its capital position is managed accordingly.  There have been no significant changes in the capital adequacy or buffer capital position in Storebrand Life from the levels reported July 1.  Accordingly, Storebrand’s capacity to absorb further falls in the equity markets has not been significantly affected.  The solidity and liquidity of the parent company remain sound.  There are no plans for an equity offering.  Storebrand will present its 2nd quarter result on August 14th.

For further information, please contact: Lars Aa. Loddesol, Finance Director, phone: +47 934 80 151