STOREBRAND - CAPITAL INCREASE FOR LIFE INSURANCE
Storebrand is strengthening core capital in the life insurance business area to support expected growth. The Board of Storebrand ASA has decided to inject NOK 750 million in Storebrand Livsforsikring AS and NOK 50 million in Storebrand Fondsforsikring AS through a share issue in each company.
The share capital in Storbrand Livsforsikring AS following the share issue is NOK 1,411,150,000, representing 14,111,500 shares. The share capital in Storebrand Fondsforsikring AS following the share issue is NOK 53,875,000, representing 53,875 shares.
Equity in Storebrand Livsforsikring AS and Storebrand Livsforsikring AS was NOK 3,361 million and NOK 106 million respectively at 31 December 2003.
Contact persons Storebrand: <br> <br> Egil Thompson <br> Executive Vice President, Corporate Communications <br> Tel: + 47 22 48 95 86 <br> Mobile: + 47 93 48 00 12 <br> <br> Nils Robert Hodnesdal <br> Investor Relations <br> Tel: + 47 22 31 55 33 <br> Mobile: + 47 93 40 38 13