Lawsuit related to pension adjustments in SPP Livförsäkring

(Thomson Reuters ONE) -


Storebrands Swedish life and pensions subsidiary, SPP Livförsäkring AB, has
today received a lawsuit from Svenskt Näringsliv regarding the interpretation of
pension adjustments in the Defined Benefit (DB) portfolio. The lawsuit is filed
by Svenskt Näringsliv as a customer with a claim of total SEK 2.5 million. The
lawsuit is regarding indexations of the insurance contracts, and is of principal
importance as the outcome may affect similar contracts within the DB portfolio.

SPP Livförsäkring AB has obtained legal opinions from Swedish law firms, which
shares the company's view on the likelihood of an outcome in favor of the
claimant as being low.  SPP Livförsäkring AB will on the basis of this not make
any provisions for the claim.

Lysaker, 16 June 2010

Contact persons:
Communication Director SPP Conny Johanson: Mobile (+46) 76 822 26 10
Head of Investor Relations Trond Finn Eriksen: Mobile (+47) 99 16 41 35


This information is subject of the disclosure requirements acc. to §5-12 vphl
(Norwegian Securities Trading Act)


[HUG#1424473]

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Datum: 16.06.2010 - 17:06 Uhr
Sprache: Deutsch
News-ID 22581
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