In accordance with the purpose of the buy-back programs carried out by
Storebrand ASA ("Storebrand") from 7 February 2024 to 22 November 2024, the
company's annual general meeting held on 9 April 2025 decided to reduce the
company's share capital with NOK 62,441,350 from NOK 2,239,863,405 to NOK
2,177,422,055, by deletion of 12,488,270 shares. The resolution to reduce the
share capital was registered with the Norwegian Register of Business Enterprises
on 11 April 2025.

The subsequent creditor notice period of six weeks has now expired, and the
capital reduction has therefore been completed in accordance with the resolution
from the annual general meeting. The new share capital of Storebrand is NOK
2,177,422,055 divided into 435,484,411 shares of NOK 5.00 each. Each share
carries one vote at the company's general meeting.

Lysaker, 5 June 2025

For further inquiries, please contact:

Johannes Narum, Head of Investor Relations:
johannes.narum@storebrand.no or (+47) 993 33 569

Storebrand is a Nordic financial group, delivering increased security and
financial wellness for people and companies. We offer sustainable solutions and
encourage our customers to take good economic decisions for the future. Our
purpose is clear: we create a brighter future. Storebrand has about 55.000
corporate customers, 2.2 million individual customers and manages NOK 1,442
billion. The Group has its headquarter at Lysaker outside of Oslo, Norway.
Storebrand (STB) is listed on Oslo Stock Exchange.

www.storebrand.no

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