Storebrand ASA (OSL:STB) Göran Holgerson has informed SPP's board that he will resign from his position of managing director of SPP. Holgerson will continue in the position until a new managing director is in place. The process to recruit Holgerson's replacement has begun.

Holgerson has worked at SPP and Handelsbanken Liv since 1995 and has been the manager of SPP since 2003. From December 2007 he has acted as a member of Storebrand's group management.

"I am grateful for the efforts that Göran Holgerson has made in the last year to ensure good integration with Storebrand. A good foundation has been created for the repositioning and growth we now face in the Swedish market," says Idar Kreutzer, chairman of SPP and group head of Storebrand.



Oslo, 20th August 2008

Contact: EVP Corporate Communications Egil Thompson: Mobile (+47) 93 48 00 12

Storebrand ASA

http://www.storebrand.no/

ISIN: NO0003053605

Stock Identifier: XOSL.STB

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