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Regulatory press release

GJF: Acquisition of own shares / primary insider trades

Gjensidige Forsikring
On 2 and 3 May 2023, DNB acquired a total of 123 935 shares in Gjensidige
Forsikring ASA ("Gjensidige" or the "Company", OSE:GJF, LEI
5967007LIEEXZX6FAO47, ISIN NO0010582521) on behalf of the Company. 99 798 shares
have been sold to employees at a price of NOK 182.5649 per share as part of
Gjensidige's share savings scheme for 2023. For a description of the share
savings scheme, see the stock exchange release dated 19 December 2022.

Acquisition of shares under the share savings scheme for the first quarter 2023
is now complete.

Primary insiders in Gjensidige have on 3 May 2023 received shares in the Company
as part of the share savings scheme for 2023. See attachment for details on the
acquisition of shares by primary insiders.

Following the purchase and sale of shares for the first quarter of 2023 in
connection with the share savings scheme, Gjensidige will own 23 796 own shares.

This information is subject to the disclosure requirements pursuant to article
19 of Regulation (EU) No 596/2014 and section 5-12 of the Norwegian Securities
Trading Act.

Contacts:
Head of Investor Relations: Mitra Hagen Negård. Tel: +47 957 93 631
Head of Communication: Øystein Thoresen. Tel: +47 952 33 382
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