Perpetual Subordinated Notes Issue

Storebrand ASA Storebrand Livsforsikring AS has 5 June issued Perpetual Subordinated Notes of a total of NOK 1.7 billion. The floating rate coupon was set at 3-month NIBOR plus 3.50%-points.

Bookrunner: Nordea Markets. Lead managers: Nordea Markets, UBS Investment Bank and JPMorgan. Prospectus will be available on www.storebrand.no.

Oslo, 6 June 2008

Contact persons: Storebrand, Egil Thompson: mobil +47 93 48 00 12 Nordea Markets, Eindride Stien, mobil +47 90 76 92 01

Storebrand ASA
http://www.storebrand.no/

ISIN: NO0003053605

Stock Identifier: XOSL.STB