STOREBRAND ASA: initiates share buy-back to fund employee incentive programs

The share buy-back program will be limited in size up to 2 million shares, equivalent to 0.4% of shares in Storebrand ASA. The shares will primarily be used to fund employee incentive programs.

On 17 june 2019, 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 17 june 2020 available on Storebrand's webpage. On 16 November 2020, Finanstilsynet (NFSA) authorized the share buy-back program.

Lysaker, 11 February 2021

Contacts:

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

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, 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 NOK 962 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 and follow us on Twitter: @Storebrand_no

This announcement is subject to information pursuant to the Securities Trading Act § 5-12.