Acquisition of own shares / primary insider trades

On behalf of Gjensidige (OSE:GJF), DNB has on 16 July 2018 acquired 77,046
shares. The shares have been acquired at an average price of NOK 124.7564 per
share.

61,897 shares have been sold to employees, at a price of NOK 124.7564 per share,
as part of the Gjensidige share savings scheme 2018.

Acquisition of shares for the share savings scheme for the second quarter 2018
is now completed.

A total of 9,983 bonus shares are allocated to employees pursuant to the terms
of previous years' share savings scheme. Bonus shares are allocated without
further consideration.

Gjensidige now owns 24,830 own shares.

Shares sold or allocated to primary insider employees are disclosed in the
attachment to this disclosure.

For a description of the share savings scheme, see stock exchange release dated
19 December 2017.

This information is subject to disclosure under the Norwegian Securities Act
section §5-12.

Contacts:

Investor Relations Officer, Mitra Hagen Negård: Tel +47 957 93 631

Head of Communication: Øystein Thoresen, Tel: +47 952 33 382