STOREBRAND ASA: Share buyback program completed

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Storebrand's buyback program, announced on 14 July 2023, is now completed.

The total number of shares purchased under the program was 5 806 821 at an average price of NOK 86.11 per share, for a total consideration of NOK 500 million.

Following the transactions, Storebrand ASA owns a total of 12 627 409 own shares, representing 2.71% of Storebrand ASA's share capital.

The shares repurchased under the buyback program will be redeemed (i.e. cancelled), subject to permission from the Financial Supervisory Authority and resolution from Storebrand ASA's General Meeting in 2024.

Overview of transactions

Date Aggregate daily volume (no. of shares) Volume weighted average price (NOK) Total transaction value (NOK)
18.09.2023 85 000 86.50 7 352 653
19.09.2023 75 000 86.18 6 463 658
20.09.2023 35 000 86.52 3 028 372
21.09.2023 125 000 87.17 10 896 213
22.09.2023 39 207 86.50 3 391 268
Total previously announced transactions under the program: 5 447 614 86.07 468 867 828
Total transactions under the program: 5 806 821 86.11 499 999 991

Attachment: An overview of all the completed transactions under the program for the dates specified above is attached to this notification and available on www.newsweb.no.

Lysaker, 22 September 2023

For further inquiries, please contact:

Johannes Narum, Head of Investor Relations:
johannes.narum@storebrand.no or (+47) 993 33 569

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 1,143 billion. The Group has its headquarter at Lysaker outside of Oslo, Norway. Storebrand (STB) is listed on Oslo Stock Exchange.

www.storebrand.no

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.