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

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 1,507
billion. The Group has its headquarter at Lysaker outside of Oslo, Norway.
Storebrand (STB) is listed on Oslo Stock Exchange.

www.storebrand.no