STOREBRAND ASA: Change in executive management

Wenche Martinussen has been appointed as new executive vice president with responsibility for sales, marketing and service for the Norwegian retail market with effect from 1 June. Executive Vice President Geir Holmgren will be responsible for product, sales and service for the Norwegian corporate market.

-The trend towards individualization in the market is increasing and digitalization is taking place at a rapid pace. These are important reasons for the adjustments in the operating model, "says Odd Arild Grefstad, CEO.

Lysaker 1. June 2017

Contacts

Kjetil Ramberg Krøkje, Head of Investor Relations:

kjetil.r.krokje@storebrand.no T: +47 934 12 155

Karin Greve-Isdahl, EVP Communications:

karin.greve-isdahl@storebrand.no T: +47 411 92 329

Storebrand's ambition is to be the best provider of saving for pensions. Storebrand will deliver sustainable solutions adapted to the customer's individual situation, so that each person receives a better pension in a more sustainable world. Storebrand has about 40.000 corporate customers and 1.9 million individual customers, and is headquartered in Lysaker outside of Oslo, Norway. Storebrand manages NOK 600 bn and is Norway's largest asset manager. We work hard to reach our vision: Recommended by our customers. Storebrand (STB) is listed on Oslo Stock Exchange and a member of Dow Jones Sustainability Index since 1999.

Visit us at www.storebrand.no and follow us on twitter: @Storebrand_no