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Regulatory press release

STOREBRAND ASA: Change in group management

Storebrand
Geir Holmgren has resigned from his position as Managing Director of Storebrand
Livsforsikring AS and Executive Vice President of the Storebrand Group to begin
as the new CEO of Gjensidige.

"Geir is a committed and knowledgeable leader with broad professional
experience. I want to thank Geir for all the good collaboration and the results
he has achieved over the past 25 years in Storebrand. I wish Geir all the best
of luck in a very exciting new job for him", says CEO of Storebrand ASA, Odd
Arild Grefstad.

Holmgren will leave his position in Storebrand on Friday the 3rd of June.
Recruitment to fill his position is in progress. Lars Aa. Løddesøl will become
interim Managing Director of Storebrand Livsforsikring AS while also maintaining
his position as Group CFO of Storebrand.

Lysaker, 31 May 2022

Contact person:

Head of Investor Relations & Rating, Daniel Sundahl:
daniel.sundahl@storebrand.no or (+47) 913 61 899

For media requests:
EVP Sustainability, Communications and Business Policy:
karin.greve-isdahl@storebrand.no or (+47) 411 92 329
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