Reference is made to the stock exchange release published on 3 December 2021
regarding the sale of Oslo Areal. As mentioned in the release, Gjensidige
Forsikring Group will receive proceeds of approximately NOK 6.8 billion and will
record a gain of approximately NOK 2 billion.
Due to accounting rules, Gjensidige Forsikring Group will record a value
appreciation of NOK 0.3 billion on the property assets in the investment
portfolio for the fourth quarter of 2021. The value appreciation will be
included in the Group's financial result from the investment portfolio. The
remaining NOK 1.7 billion gain on the transaction, will be included in the
Group's first quarter 2022 results, as Other items.
Contact person Gjensidige Forsikring ASA:
Head of Investor Relations, Mitra H. Negård. Tel: +47 957 93 631.