Regulatory press release

Storebrand ASA: STOREBRAND ASA: Capital Markets Day today at 14:00 CET

STRATEGY 2021-2023: LEADING THE WAY IN SUSTAINABLE VALUE CREATION

Storebrand is hosting a virtual Capital Markets Day today at 14:00 CET, outlining the Group strategic plan for 2021-2023 'Leading the Way in Sustainable Value Creation'. The presentation includes dedicated sessions on occupational pensions, asset management, retail and cash and capital.

- Storebrand has followed an active and consistent strategy with a proven track record of shifting the business mix towards capital light savings and insurance products, replacing legacy guaranteed business. The Storebrand of the future will be a market leader in occupational pensions, a Nordic powerhouse in asset management, combined with a broad retail offering driven by insurance growth. Our ambition is to deliver NOK 4 billion in Group profit (before amortisation and tax) in 2023. We reaffirm our commitment to create a compelling combination of self-funded growth and increasing capital return for our shareholders. Earnings growth will support a growing dividend. In addition, the run-off of the guaranteed business is expected to return around NOK 10 bn of capital to shareholders until 2030, says Odd Arild Grefstad, Chief Executive Officer of Storebrand.

- This is not the time to be on the wrong side of history as transition risk is increasing for financial investments. We believe that a robust and well-proven sustainable framework is crucial to navigate through transition risk into a low emission society. We will demonstrate how Storebrand adds value beyond return for customers and shareholders by uncompromisingly setting the standard, and we aim to be the world's most sustainable financial company, says Odd Arild Grefstad, Chief Executive Officer of Storebrand.

The presentations will last 90 min and will be followed by a Q&A session.

Agenda:

Participants can choose between two options:

1. Participants who only wish to view the presentations, and not actively participate in the Q&A session, can access the webcast from www.storebrand.no/ir shortly before the event starts.

2. Participants who wish to have the option to actively participate in the Q&A session need to register for the Zoom Webinar here (https://zoom.us/webinar/register/4816049212369/WN_wkID-R7SSRKMsP2up8Ubpg).

For more information, please visit www.storebrand.no/ir

For further inquiries, please contact:

Group Head of Strategy, Finance and M&A Kjetil Ramberg Krøkje:
kjetil.r.krokje@storebrand.no or(+47) 934 12 155

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

Media requests:

SVP Communications, Margrethe Assev:
margrethe.assev@storebrand.no or(+47) 951 55 056

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, so that each person receives a better pension in a more sustainable world. 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 921 bn and is one of the largest asset managers in the Nordics. Storebrand (STB) is listed on Oslo Stock Exchange. Visit us at http://www.storebrand.no and follow us on Twitter: @Storebrand_no Thisannouncement is subject to information pursuant to the Securities Trading Act § 5-12.