Notification of trade

Jostein Sørvoll, Chairman of the Board of Directors in Protector Forsikring ASA,
has today - May 11th, 2016 - sold 700,000 shares in Protector Forsikring ASA at
a price of NOK 76.00 per share through his company Alsøy Invest AS.

After the transaction Alsøy Invest AS holds 1,002,751 shares in Protector
Forsikring ASA.

Name: Jostein Sørvoll, v/Alsøy Invest AS
Background: Mandatory notification of trade
Issuer: Protector Forsikring ASA
Financial instrument: PROTCT
Type of transaction: Sale of shares
Time and marked: 11.05.16, Oslo Børs
Price and volume: 700,000 shares at a price of NOK 76.00 per share
Ownership after transaction: 1,002,751 shares

Oslo, May 11th , 2016
Protector Forsikring ASA

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