Distribution of bonus shares according to share savings scheme

Gjensidige has today, 8 March 2018, distributed 46 bonus shares to an employee,
pursuant to the terms of previous years' share savings schemes for employees in
Gjensidige. Bonus shares are allocated without further consideration.

Gjensidige now owns 13,488 own shares.

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

This information is subject to disclosure under the Norwegian Securities Act
section ยง5-12.

Contacts:

Anette Bolstad, Investor Relations Officer, Tel +47 416 77 722