Storebrand ASA: Silver transaction completed

In reference to stock exchange notice of the transaction on 24th of October 2017.

The necessary regulatory approvals are now in place and Storebrand has taken over Silver Pensjonsforsikring AS under public administration, including insurance portfolios and the company. Silver is no longer under public administration as of today and is now a wholly owned subsidiary of Storebrand Livsforsikring AS. This means that the transaction is completed in accordance with the agreement between the administration board and Storebrand.

Lysaker, 30 January 2018

Contact persons/media inquiries:

Head of Investor Relations, Kjetil Ramberg Krøkje:

kjetil.r.krokje@storebrand.no or (+47) 934 12 155

Acting Communications Director, Jan Otto Risebrobakken:

Jan.otto.risebrobakken@storebrand.no or (+47) 480 82 602

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 1.9 million individual customers, and is headquartered in Lysaker outside of Oslo, Norway. Storebrand manages more than NOK 626bn 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 announcement is subject to information pursuant to the Securities Trading Act § 5-12