STOREBRAND ASA: Change in executive management

Executive Vice President (EVP) Heidi Skaaret has been appointed to lead the Norwegian retail market and replace Wenche A. Martinussen. Terje Løken has been appointed EVP of the new division Digital & Innovation, Tove Selnes has been appointed EVP of People, and Trygve Håkedal has been appointed EVP of Technology. Jostein Chr. Dalland, formerly EVP of Digital Business Development, and Wenche A. Martinussen are leaving Storebrand to seek new opportunities elsewhere.

Group CEO Odd Arild Grefstad says both the market as well as digital solutions are in rapid growth.

- A lot of things are going well in Storebrand, but at the same time we are going through a transformation. From having focused on having a strong foothold in the corporate market and improving our solidity, we are now positioning ourselves for profitable growth in a gradually more individualised savings market, says Grefstad.

Lysaker 8. August 2019

Contacts

Daniel Sundahl, Investor Relations Officer: daniel.sundahl@storebrand.no T: +47 913 61 899

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 2 million individual customers, and has its headquarter at Lysaker outside of Oslo, Norway. Storebrand manages more than NOK 750 bn and is Norway's largest private asset manager. We work hard to fulfil our vision: Recommended by our customers. Storebrand (STB) is listed on Oslo Stock Exchange. Visit us at www.storebrand.no and follow us on Twitter: @Storebrand_no