Notification of trade

Jostein Sørvoll, Chairman of the Board of Directors
in Protector Forsikring ASA, has today 20 March
through his company Gabler Rådgivning AS sold 800,000
shares in Protector Forsikring ASA at a price of NOK
29,50 per share. After the transaction Gabler
Rådgivning AS has a total holding of 1,702,751 shares
in Protector Forsikring ASA.

Oslo, 20 March 2014
Protector Forsikring ASA

This information is subject of the disclosure
requirements acc. to §5-12 vphl (Norwegian Securities
Trading Act).