STOREBRAND ASA: Initiating share buyback program

The Board of Storebrand ASA ("the Board") has decided to continue the share
buyback program today, 15 July 2026, with a tranche amounting to a maximum of
NOK 1.0 billion ("the Program"). This is equivalent to approx. 1.2% of the share
capital in Storebrand ASA given the last closing price of NOK 188.6. The Program
will end no later than 18 December 2026.

On 10 February 2026, Storebrand received an approval from the Norwegian
Financial Supervisory Authority (NFSA) to conduct share buybacks of NOK 2
billion for 2026. During the first half of 2026, Storebrand completed buybacks
of its own shares for NOK 1.0 billion. The Board has decided to continue the
buyback Program with a new tranche amounting to NOK 1.0 billion today. The
Program is in accordance with the authorisation granted to the Board by the
Annual General Meeting of Storebrand ASA ("the AGM") on 9 April 2025.

The share buyback program will be carried out by way of repurchases in the
market. Storebrand has entered into a non-discretionary agreement with a third
party who will make its trading decisions independently of, and uninfluenced by,
Storebrand.

In accordance with the authorisation from the AGM, the minimum price that can be
paid per share is NOK 5, and the maximum price is NOK 300. According to the AGM
resolution, the maximum number of own shares that can be purchased by the
company is limited to 43 548 441. Given the number of shares acquired in the
second half of 2025 and first half of 2026 under the authorisation, the company
can purchase up to 32 967 284 shares under the Program, given share buybacks
completed in the second half of 2025 and first half of 2026.

The purpose of the Program is to return excess capital to shareholders by
reducing the share capital of the company. According to Storebrand's capital
management framework, the Board intends to buy back shares when the solvency
margin is above 175%.

The shares repurchased under the buyback program that are not used for the
company's remuneration program or stock purchase scheme for employees, will be
redeemed (i.e. cancelled) subject to approval by the AGM.

Transactions will be conducted in accordance with the Market Abuse Regulation
(EU) No 596/2014 ("MAR") and Commission Delegated Regulation (EU) No 2016/1052
("Safe Harbour Regulation") as further set out i.a. in the Norwegian Securities
Trading Act of 2007 and the Oslo Stock Exchange's Guidelines for buy-back
programs and price stabilisation dated February 2021. Transactions will be
reported on a weekly basis.

Lysaker, 15 July 2026

For further inquiries, please contact: Trond Finn Eriksen, Group CIO:
trond.finn.eriksen@storebrand.no or (+47) 991 64 135

This information is pursuant to the EU Market Abuse Regulation and subject to
the disclosure requirements pursuant to Section 5-12 of the Norwegian Securities
Trading Act.
 pursuant to Section 5-12 of the Norwegian Securities\
Trading Act.\