The Board of Storebrand ASA ("the Board") has decided to continue the share buyback program today, 11 July 2025, with a tranche amounting to a maximum of NOK 750 million ("the program"). This is equivalent to approx. 1.2% of the share capital in Storebrand ASA given the last closing price of NOK 140.2. The program will end no later than 19 December 2025.

On February 10, Storebrand received an approval from the Norwegian Financial Supervisory Authority (NFSA) to conduct share buybacks of NOK 1.5 billion in 2025. Storebrand executed NOK 750 million in share buybacks during the first half of 2025, based on the authorisation granted to the Board by the Annual General Meeting of Storebrand ASA ("the AGM") on 4 April 2024.

At the AGM held on 9 April 2025, a new buyback authorisation was granted to the Board, which from 1 July 2025 replaced the existing authorisation from 4 April 2024. On 27 July 2025, Storebrand received approval from the NSFA to carry out NOK 750m in share buybacks based on the new AGM resolution.

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 numbers of own shares that can be purchased by the company is limited to 43 548 450.

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 will be redeemed (i.e. cancelled) subject to approval by the AGM in 2026. 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.

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.

Lysaker, 11 July 2025