The Board of Directors of Gjensidige Forsikring ASA has in a board meeting 25 August 2014 authorized the administration to issue a subordinated loan (tier 2) of MNOK 1,000 - 1,200.

Issuance of a subordinated loan will be in line with existing capital strategy and financial targets communicated to the market in October 2013. The Board of Director's intention is to optimize the company's capital structure by replacing equity with subordinated debt of the same amount.

Issuance of a subordinated loan is expected to take place during the autumn of 2014 unless significant changes in market conditions.

Gjensidige Forsikring ASA has appointed DNB Markets and Pareto Securities as advisors and managers for the announced potential transaction.    

Contact persons Gjensidige Forsikring ASA: Head of Investor Relations: Janne Flessum, Tel: +47 915 14 739
Head of Media Relations, Øystein Thoresen, Tel: +47 952 33 382

This information is subject to disclosure under the Norwegian Securities Act section §5-12

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