STOREBRAND ASA: The NFSA has approved Storebrand's application for share buybacks

In connection with the publication of Storebrand's 1st quarter 2022 results,
Storebrand announced that the Board intends to initiate a share buyback program
and would seek an approval from the Norwegian Financial Supervisory Authority
(NFSA) to initiate a program amounting to NOK 500 million. The application has
now been approved and the program is expected to commence in the 3rd quarter
2022.

Lysaker, 17 June 2022

Contact person:

Head of Investor Relations & Rating, Daniel Sundahl:
daniel.sundahl@storebrand.no or (+47) 913 61 899