Storebrand Bank ASA: Successful issuance of Tier 2 capital

Reference is made to the announcement on 14 February 2022, and the bank has
today issued a NOK 400 million subordinated Tier 2 bond with a 10.25-year tenor,
and a coupon rate equal to 3 months NIBOR + 1.40 percentage points. The issuer
has a first call option right 5 years after the settlement date.

Settlement date for the bond will be 24 February 2022, and the bond issue will
be applied for listing at Nordic ABM.

The transaction is approved by the bank's board of directors and the general
meeting.

DNB Markets and Swedbank acted as joint lead managers.

Lysaker, 15 February 2022

Contact person: Einar Andreas Leikanger, Head of Treasury, Storebrand Bank ASA,
tel.: +47 934 203 79

This information is subject to the disclosure requirements pursuant to section 5
-12 of the Norwegian Securities Trading Act.