Storebrand ASA Storebrand Livsforsikring AS, a wholly owned subsidiary of Storebrand ASA, has today decided to issue and sell Perpetual Subordinated Notes denominated in NOK for a total amount of minimum NOK 1 billion. Nordea Markets is mandated as Joint Lead Manager and Bookrunner for the transaction and can be contacted for further information on terms and conditions. Final size and terms of the issue will be announced when the sales period is over.

Oslo, 5 June 2008

Contact persons: Storebrand, Egil Thompson, mobil +47 93 48 00 12 Nordea Markets, Eindride Stien, mobil +47 90 76 92 01

Lead managers: Nordea Markets, UBS Investment Bank, JPMorgan

Storebrand ASA

http://www.storebrand.no/

ISIN: NO0003053605

Stock Identifier: XOSL.STB

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