STOREBRAND ASA: initiates share buy-back of 1 million shares to fund employee incentive programs

The share buy-back program will be limited in size up to 1 million shares, equivalent to 0.2% of shares in Storebrand ASA. The shares will primarily be used to fund employee incentive programs.

On 11 April 2018, the Annual General Meeting (AGM) of Storebrand ASA (STB) resolved to authorize the board of directors to acquire own shares in the company. For more information see minutes from Storebrand ASA's Annual General Assembly of 11 April 2018 available on www.storebrand.no. On 8 February 2019, Finanstilsynet (NFSA) authorized the share buy-back program.

Lysaker, 25 February 2019.

Contacts

Head of Investor Relations, Kjetil Ramberg Krøkje: kjetil.r.krokje@storebrand.no eller (+47) 934 12 155

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 is headquartered in Lysaker outside of Oslo, Norway. Storebrand manages NOK 700 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.

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

This information is subject of the disclosure requirements pursuant to section 5-12 of the Norwegian Securities Trading Act.