Reference is made to the stock exchange release 26 August 2014 regarding authorisation to issue a subordinated bond (tier 2).

Gjensidige Forsikring ASA contemplates a placement of a dated floating rate subordinated bond issue with a call option for the issuer after 10 years.

The bond issue amount will be up to NOK 1,200 million.

The Norwegian Financial Supervisory Authority has given its approval to issue the bond in a letter dated 4 September 2014.

For details regarding the purpose of the bond issue, reference is made to the stock exchange release as of 26 August 2014.

DNB Markets and Pareto Securities are acting as managers for the 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

Important Notice:This information is subject to the disclosure requirements of section 5-12 of the Norwegian Securities Trading Act. This announcement is not intended to be and shall not constitute an offer or solicitation for sale of securities in the United States or in any other jurisdiction.

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