STOREBRAND ASA: Resolution to increase the share capital
Reference is made to the stock exchange announcement made by Storebrand ASA on 11 June 2026 regarding Storebrand ASA's agreement to acquire up to 100 percent of the shares in Knif Trygghet Forsikring AS ("Knif Trygghet"), together with a partnership agreement with Knif AS to offer insurance, pension and asset management products to the market for Christian and non-profit organisations (the "Transaction").
All required regulatory approvals have now been received, and completion of the Transaction is expected to take place today, 16 October 2026. Shareholders representing 92.0 percent of the shares in Knif Trygghet have acceded to the share purchase agreement. The consideration for 100 percent of the shares in Knif Trygghet amounts to NOK 560 million and will be settled primarily in new shares in Storebrand ASA.
To settle the share consideration in full at completion of the Transaction, the board of directors of Storebrand ASA has today resolved to increase the share capital by NOK 13,732,910, from NOK 2,123,818,180 to NOK 2,137,551,090, through the issuance of 2,746,582 new shares, each with a nominal value of NOK 5.00, based on the authorisation granted by the annual general meeting of Storebrand ASA on 9 April 2026. Following registration of the capital increase in the Norwegian Register of Business Enterprises, Storebrand ASA's share capital will be NOK 2,137,551,090, divided into 427,510,218 shares, each with a nominal value of NOK 5.00.
The merger of Knif Trygghet and Storebrand Forsikring AS is expected to be completed in 2027. Completion of the Transaction and the subsequent merger are not expected to have a material impact on the Storebrand Group's financial results, solvency ratio or liquidity position. Lysaker, 16 October 2026
For further inquiries, please contact:
Johannes Narum, Head of Investor Relations: johannes.narum@storebrand.no or (+47) 993 33 569
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 61,000 corporate customers, 2.6 million individual customers and manages NOK 1,658 billion. The Group has its headquarter at Lysaker outside of Oslo, Norway. Storebrand (STB) is listed on Oslo Stock Exchange.
www.storebrand.no This information is subject to the disclosure requirements pursuant to Section 5 -12 of the Norwegian Securities Trading Act.