Wed, May 27, 2015 07:30 CET

The Board of Representatives of Storebrand ASA has in a meeting on 26 May 2015 elected Nils Are Karstad Lysø and Karin Bing Orgland as new Board members .

Nils Are Karstad Lysø was born in 1968, and holds an MBA from Handelshøgskolen BI. He has many years of experience as a partner in McKinsey & Company , mainly with projects within the banking and finance sector in Norway , Sweden, Switzerland and Italy. He has also been executive vice president in Aker group , followed by five years as CFO and CEO of Moods of Norway . Lysø is currently managing director at The Norwegian Opera and Ballet in Oslo .

Karin Bing Orgland was born in 1959, and holds an MBA from NHH. She has many years of experience in the banking and insurance sector , both private and corporate customers , mainly from corporate management in DNB and DNB Life . She is self-employed with the Board of several major companies.

Upon the election, The Board of Storebrand ASA consists of the following members:

Birger Magnus (chairman), Monica Caneman, Laila S. Dahlen, Gyrid Skalleberg Ingerø, Nils Are Karstad Lysø, Karin Bing Orgland, Martin Skancke, Knut Dyre Haug (elected by employees), Arne Fredrik Håstein (elected by employees), and Heidi Storruste (elected by employees).

The shareholder-elected board members are all elected for the period until the Board of Representatives meet again in May 2016 to hold its regular annual board elections .

Lysaker, May 26 2015

Contact person:

Communications Director: Elin M. Myrmel-Johansen: Mobil 93 48 05 38

Head of Investor Relations: Kjetil Ramberg Krøkje: Mob 934 12 155

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