Gjensidige Forsikring ASA and Gjensidige Forsikring Group's application to the
Financial Supervisory Authority of Norway (FSA) for certain adjustments of the
regulatory approved Partial Internal Model (PIM) has not been approved. The
adjustments which were applied for were related to improvements in the
calibration of market risk with a potential reduction of the capital requirement
by approximately NOK 0.5 billion.
Gjensidige will consider to appeal the decision and will continue the dialogue
with the FSA on the remaining factors which comprise the difference between the
approved and own PIM.
This information is subject to disclosure under the Norwegian Securities Act
section §5-12.
Contact person Gjensidige Forsikring ASA:
Head of Investor Relations: Mitra H. Negård, Tel: +47 957 93 631
Head of Communication: Øystein Thoresen. Tel: +47 952 33 382