The Board has decided to distribute excess capital of NOK 2,000 million,
corresponding to NOK 4.00 per share. The decision was made on the basis of the
Board's authorisation to determine distribution of dividend, granted by the
General Meeting on 24 March 2021. The distribution is in accordance with the
current capital strategy and dividend policy.

The payment of the dividend is pending approval from the Financial Supervisory
Authority of Norway. Relevant key dates will be announced upon approval.

This release contains inside information related to Gjensidige Forsikring ASA
pursuant to the EU Market Abuse Regulation and is subject to the disclosure
requirements pursuant to Section 5-12 the Norwegian Securities Trading Act.

This release is issued by Jon Aniksdal,Communication Manager at Gjensidige
Forsikring ASA.

Date and time of publication : 07:00 CET, 20.10.2021

Contact persons, Gjensidige Forsikring ASA:

Head of Investor Relations Mitra Hagen Negård, Tel: +47 957 93 631

Head of Communication Øystein Thoresen, Tel: +47 952 33 382

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