Storebrand Bank ASA: Successful additional tier 1 bond issue/buyback

Reference is made to the stock exchange announcing that the bank was considering issue/buy back of tier 1 bonds.

Storebrand Bank ASA has issued a new additional tier 1 bond of NOK 100 million, with a coupon equal to 3 months NIBOR + 3.1 percentage points. The settlement date will be 13 March 2018. The additional tier 1 bond has a perpetual tenor, with first time call option after 5 years, and will be sought listed on Nordic ABM.

The bank has also bought back NOK 63.6 million in outstanding loan (NO0010683550), at 3 months NIBOR + 0.7 percentage points and with settlement date 13 March 2018. This equals a price of 100.888. The remaining outstanding bonds amount to NOK 94.4 million.

The issue is approved by the general meeting in the bank and approval for the above mentioned transactions was given by the Norwegian FSA 31 January 2018.

Swedbank Norge acted as arranger.

Contact information:

Einar Andreas Leikanger, Head of Treasury, Storebrand ASA, tel.: +47 93420379

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