With reference to the announcement on 10 September 2025, Gjensidige Forsikring
ASA ("Gjensidige", OSE: GJF, LEI 5967007LIEEXZX6FAO47), rated A by S&P (stable),
has today successfully completed the issuance of a NOK 1,200 million Restricted
Tier 1 bond issue, which was substantially oversubscribed. The Restricted Tier 1
bond issue will have a floating rate coupon equal to 3 months NIBOR + 2.15% p.a.
and have a perpetual tenor with a first call option for Gjensidige after 5.5
years. Expected issue rating is BBB by S&P. Settlement of the bonds is expected
to be 18 September 2025, and the bonds will be applied for listing on Euronext
Oslo Børs. The Tier 1 issue is Solvency II compliant, and the issuance has been
authorised by the Company's General Meeting and approved by the Norwegian
Financial Supervisory Authority.

DNB Carnegie and Nordea acted as Joint Lead Managers.

Contact:

Mitra Hagen Negård, Head of Investor Relations, tel. +47 957 93 631


This information is subject to disclosure under the Norwegian Securities Act
section §5-12.

Gjensidige is a leading Nordic insurance group listed on the Oslo Stock
Exchange. We have approximately 4,700 full time employees and offer insurance
products in Norway, Denmark, Sweden and the Baltic states. In Norway, we also
provide pension and savings solutions. In 2024, the Group's insurance revenue
was NOK 39 billion, and total assets amounted to NOK 171 billion.
For more information, visit: www.gjensidige.com