New group organisation at Storebrand

(Thomson Reuters ONE) -


With effect from 1 March 2011, organisational changes will be made to the
Storebrand Group.

In connection to this changes are made to Storegbrand's Executive Management.
Odd Arild Grefstad is appointed Managing Director of Storebrand Livsforsikring
AS. Mr. Grefstad is today Group CFO. Lars Aa. Løddesøl, is appointed Group CFO
and COO.

The new organisation structure will ensure a holistic customer interface,
consolidate areas of competence and facilitate efficient balance sheet
management.

   - The main objective of the reorganisation is to make it easier to be
customer in Storebrand. We will streamline our internal processes, strengthen
our position in the retail market and increase our sales of fund based products,
says CEO Idar Kreutzer.

Storebrand's Executive management will after the reorganisation have the
following composition:

   · Group CEO and Managing Director Storebrand ASA, Idar Kreutzer
   · CFO and COO, Lars Aa. Løddesøl
   · Managing Director Storebrand Livsforsikring AS, Odd Arild Grefstad
   · Managing Director SPP Livförsäkring AB, Sarah McPhee
   · Managing Director Storebrand Kapitalforvaltning AS, Hans Aasnæs
   · Executive Vice President Insurance, Gunnar Rogstad


Roar Thoresen will conclude his position as COO, and will leave Storebrand
during 2011. Thoresen will work as an advisor to the CEO before leaving the
company. Elin Myrmel-Johansen, who holds the position as Executive Vice
President Corporate Responsibility will commence another position within the
group.

Truls Nergarard will continue as Managing Director in Storebrand Bank and Egil
Thompson will continue as Executive Vice President for Corporate Communication.
They will both report to the CEO.


Lysaker, 24 January 2011


Contacts:

EVP Corporate Communications Egil Thompson: Mobile (+47) 93 48 00 12
Head of Investor Relations Trond Finn Eriksen: Mobile (+47) 99 16 4135


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









This announcement is distributed by Thomson Reuters on behalf of
Thomson Reuters clients. The owner of this announcement warrants that:
(i) the releases contained herein are protected by copyright and
other applicable laws; and
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originality of the information contained therein.

Source: Storebrand ASA via Thomson Reuters ONE

[HUG#1481663]

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Datum: 24.01.2011 - 10:02 Uhr
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