STOREBRAND ASA: Clarification on outstanding tax case
Reference is made to the stock exchange announcement dated 13 December 2023 where Storebrand informed that the Ministry of Finance had issued a subpoena against the Tax Appeals Committee (Skatteklagenemda) decision in favor of Storebrand in the tax case concerning whether group contributions should reduce the tax value of shares for Storebrand Life Insurance.
The Ministry of Finance has in a pleading from the Attorney General for Civil Affairs (Regjeringsadvokaten) dated 15th March 2024 stated that it will not argue that the subpoena includes indirect group contributions. As Storebrand Life Insurance’s tax case is mainly related to indirect group contributions, this clarification means that the majority of the case is finally settled.
There is no new information that provides grounds for changes in the company's accounts.
Lysaker, 18 March 2024
Johannes Narum, Head of Investor Relations:
johannes.narum@storebrand.no or (+47) 993 33 569
Kjetil Ramberg Krøkje, Head of Strategy & Finance:
kjetil.r.krokje@storebrand.no or (+47) 934 12 155
Storebrand is a Nordic financial group, delivering increased security and financial wellness for people and companies. We offer sustainable solutions and encourage our customers to take good economic decisions for the future. Our purpose is clear: we create a brighter future. Storebrand has about 55.000 corporate customers, 2.2 million individual customers and manages NOK 1,212 billion. The Group has its headquarter at Lysaker outside of Oslo, Norway. Storebrand (STB) is listed on Oslo Stock Exchange.
This is information is pursuant to the EU Market Abuse Regulation and subject to the disclosure requirements pursuant to Section 5-12 the Norwegian Securities Trading Act.