STOREBRAND BANK ASA - TAP, SALE AND BUYBACK OF BONDS

Storebrand Boligkreditt AS has tapped the bond STORK17 (ISIN: NO0010936917) by
NOK 3 000 million. The new outstanding amount of the bond is NOK 6 000 million.

Storebrand Bank ASA has bought NOK 3 000 million of the bond.

Storebrand Bank ASA has sold NOK 2 000 million of retained holdnings of STORK18
(NO0011073140) to Storebrand Boligkreditt AS. The bond will be written down
accordingly and the new oustanding amount after the write-down will be NOK 4 142
million.

Contact person:
Einar Leikanger
Head of Treasury

+47 93420379