Storebrand Livsforsikring AS has received a decision from The Norwegian Tax
Administration (TNTA) regarding the uncertain tax position for the income year
2018, and the transitional rules related to new tax legislation for life
insurance and pension companies introduced in 2018. New information in the
decision received will result in a tax income of approximately NOK 550 million
being booked in the 1st quarter 2022.
Storebrand still disagrees with significant parts of TNTA's interpretation of
the transitional rules and will challenge the decision. Information related to
uncertain tax positions is described in more detail in note 27 of Storebrand
ASA's and note 28 of Storebrand Livsforsikring AS's annual accounts for 2021.
Lysaker, 7 April 2022
For further inquiries, please contact:
Head of Investor Relations & Rating, Daniel Sundahl:
daniel.sundahl@storebrand.no or (+47) 913 61 899
This announcement is subject to information pursuant to the Securities Trading
Act ยง 5-12.