SPP Livförsäkring announces notice for noteholders meeting

Nordic Trustee & Agency AB (the “Agent”), acting as agent to certain the holders
of notes issued by SPP Livförsäkring AB (publ) (“SPP Liv” or the “Company”), has
today issued notice of a noteholders’ meeting by way of procedure in writing.
On 27 February 2014, SPP Liv issued a perpetual subordinated floating rate note
of SEK 700 million (the “Notes”), in the Swedish market.

As was communicated by SPP Liv on 20 May 2014, the board of directors of SPP Liv
and SPP Liv Fondförsäkring AB (publ) (“SPP Fondliv”) have adopted a joint merger
plan whereby SPP Fondliv shall assume all the Company’s assets and liabilities
by way of a merger (the “Merger”). On 23 June 2014, the merger plan was approved
by the general meeting of the Company. Provided that the Swedish Financial
Supervisory Authority (Sw. Finansinspektionen) approves the execution of the
merger plan, the Company and SPP Fondliv have agreed to register the Merger no
later than 2 January 2015.

The Merger entails a change of issuer in relation to the Notes. With reference
to the terms and conditions of the Notes, the Agent has today summoned a
noteholders’ meeting by way of procedure in writing, with the request to approve
the change of issuer. The notice is available on SPP´s website, www.spp.se.

Notice of written procedure is enclosed.

Stockholm, 9 October 2014

For further information please contact:

CEO SPP Livförsäkring AB (publ) Per Lindberg: per.lindberg@spp.se or
+46 (0)8 451 75 08

Vice President Capital Management Storebrand Lars Kramer:
lars.kramer@storebrand.no or +47 900 68 287