Storebrand ASA: Danica transaction approved

Reference is made to the stock exchange notification on 20 December 2021, where it was announced that Storebrand Livsforsikring AS has entered into an agreement to buy 100% of the shares in Danica Pensjonsforsikring AS, Norway ("Danica").

The transaction has now received all the necessary regulatory approvals. Closing of the transaction is expected soon, but after the conclusion of the 2nd quarter 2022.

Lysaker, 22 June 2022

For further inquiries, please contact:

Head of Investor Relations & Rating, Daniel Sundahl:
daniel.sundahl@storebrand.no or (+47) 913 61 899

Media requests:

SVP Communications, Margrethe Assev
margrethe.assev@storebrand.no or (+47) 951 55 056

Storebrand's ambition is to provide our customers with financial freedom and security by being the best provider of long-term savings and insurance. Storebrand will deliver sustainable solutions adapted to the customer's individual situation. Storebrand has about 40,000 corporate customers and 2 million individual customers, and has its headquarter at Lysaker outside of Oslo, Norway. Storebrand manages NOK 1,040 bn and is one of the largest asset managers in the Nordics. Storebrand (STB) is listed on Oslo Stock Exchange. Visit us at http://www.storebrand.no