Reference is made to the stock exchange release as of 15 September 2014 regarding a potential placement of a dated subordinated bond issue (tier 2).

Gjensidige Forsikring ASA has today issued a subordinated bond of NOK 1,200 million with a coupon of 3M NIBOR + 1.50 percentage points p.a. The loan has a tenor of 30 years and Gjensidige Forsikring ASA has a call option on 2 October 2024. The terms of the loan are in compliance with existing and expected future requirements for subordinated debt eligible as tier 2 capital.

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

The bond issue will be applied for listing on the Oslo Stock Exchange.

DNB Markets and Pareto Securities were managers of 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.

distributed by