Reference is made to the stock exchange announcement dated 13 December 2023
where Storebrand informed that the Ministry of Finance had issued a subpoena
against the Tax Appeals Committee (Skatteklagenemda) decision in favor of
Storebrand in the tax case concerning whether group contributions should reduce
the tax value of shares for Storebrand Life Insurance.

The Ministry of Finance has in a pleading from the Attorney General for Civil
Affairs (Regjeringsadvokaten) dated 15[th ]March 2024 stated that it will not
argue that the subpoena includes indirect group contributions. As Storebrand
Life Insurance's tax case is mainly related to indirect group contributions,
this clarification means that the majority of the case is finally settled.

There is no new information that provides grounds for changes in the company's
accounts.

Lysaker, 18 March 2024

Johannes Narum, Head of Investor Relations:
johannes.narum@storebrand.no or (+47) 993 33 569

Kjetil Ramberg Krøkje, Head of Strategy & Finance:
kjetil.r.krokje@storebrand.no or (+47) 934 12 155

Storebrand is a Nordic financial group, delivering increased security and
financial wellness for people and companies. We offer sustainable solutions and
encourage our customers to take good economic decisions for the future. Our
purpose is clear: we create a brighter future. Storebrand has about 55.000
corporate customers, 2.2 million individual customers and manages NOK 1,212
billion. The Group has its headquarter at Lysaker outside of Oslo, Norway.
Storebrand (STB) is listed on Oslo Stock Exchange.

www.storebrand.no

This is information is pursuant to the EU Market Abuse Regulation and subject to
the disclosure requirements pursuant to Section 5-12 the Norwegian Securities
Trading Act.

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© Oslo Bors ASA, source Oslo Stock Exchange