STOREBRAND ASA: Transaction with Insr approved

The Extraordinary General Meeting of Insr Insurance Group ASA ("Insr") has today approved the sale of insurance portfolios to Storebrand Forsikring AS, initially announced in a stock exchange notification on 14 August 2020. The agreement will come into force on 1 December 2020 and has been approved by the Norwegian Financial Supervisory Authority and Competition Authority.

Lysaker, 5 October 2020 

Group Head of Strategy, Finance and M&A Kjetil Ramberg Krøkje: 
kjetil.r.krokje@storebrand.no or (+47) 934 12 155 

Head of Investor Relations and 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, 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 880 bn and is one of the largest asset managers in the Nordics. We work hard to fulfil our mission: A future to look forward to. 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.