Storebrand ASA: Change in Group management team

EVP for the Product area Hege Hodnesdal has decided to resign after 20 years in
Storebrand. Geir Holmgren, EVP for Customer Service, will take over the
responsibility for the new unit Product and Customer Service.

- Hege Hodnesdal can look back at a number of important contributions to the
company over many years but I understand her decision to pursue new career
opportunities. I want to thank Hege Hodnesdal for her contribution to the
company, says CEO Odd Arild Grefstad.

Lysaker 1. November 2016