Storebrand Livsforsikring AS, rated A by S&P, has today successfully issued a
new 30.25NC5.25 SEK 1,000 million green subordinated T2 bond issue with a coupon
of 3 month Stibor + 1.60% per annum. The maturity date for the bonds will be 17
December 2054 and the issuer has a first call option on 17 September 2029.

The green bonds will qualify as Tier 2 capital under the European Solvency II
regulatory capital regime for insurers and is expected to be rated BBB+ by S&P.

The settlement date for the bond issue is 17 September 2024, and the company
will apply for the bonds to be listed on Oslo Børs. The new issuance is approved
by the company's general meeting and by the Norwegian FSA ("Finanstilsynet").

Danske Bank and Nordea acted as Joint Bookrunners for the transaction.

For further information, please contact:
Kjetil R. Krøkje, Group Head of Finance, Strategy and M&A, telephone +47 934
12 155
Nikola Heitmann, Head of Capital Management, telephone +47 416 97 236

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

Storebrand's ambition is to provide our customers with financial freedom and
security by being the best provider of long-term savings and insurance.
Storebrand will deliver sustainable solutions adapted to the customer's
individual situation. Storebrand has about 40.000 corporate customers and 2
million individual customers, and has its headquarter at Lysaker outside of
Oslo, Norway. Storebrand manages NOK 1 300 bn and is one of the largest asset
managers in the Nordics. Storebrand (STB) is listed on Oslo Stock Exchange.