Storebrand ASA http://www.alacrastore.com/company-snapshot/Storebrand_ASA-500062 Wednesday, October 08, 2008 1:10:18 AM 500062 Storebrand ASA en AlacraStore RSS Builder 1.0 30 http://www.alacrastore.com/storecontent/moodys/PR_61722_600062187moodys/PR_61722_600062187htmlRating Action12/21/2007 4:57:45 AMGlobal Credit Research Rating Action ## NOV #### Rating Action: Storebrand Bank MOODY'S MAINTAINS STOREBRAND BANK'S Baa#/P-#/D+ RATINGS FOLLOWING ANNOUNCED MERGER WITH FINANSBANKEN (NORWAY) London, November ##, #### -- Moody's Investors...Storebrand Bank600062187150.00Newshtml600046236Storebrand Livsforsikring AS600046234Storebrand ASAStorebrand ASA; Storebrand Bank; Storebrand Livsforsikring ASPR_61722_600062187Credit & Investment ResearchMoody's Global Credit Researchhttp://www.alacrastore.com/storecontent/spcred/621761spcred/621761normThe latest Full Report from S&P12/20/2007 1:16:03 PMFull Report400global621761NorwayLife & Health InsuranceEurope, Middle East, AfricaGlobal IssuersInsuranceFull ReportFinancial and risk management competence used to closely manage overall risk profile of the Storebrand group Strong new business and profit margins in life company, with expectation of stable earnings post regulatory change Strong domestic competitive position Current geographic concentration of earnings and revenues in the small Norwegian life and pensions market Uncertainties arising from the execution risk associated with competition and regulatory changes in the Norwegian market Execution and integration risks arising from the SPP acquisition The 'BBB+' long-term counterparty credit rating on Norway-based Storebrand ASA reflects its position as the holding company of the Storebrand group (Storebrand), which includes life insurer Storebrand Livsforsikring AS (Storebrand Liv; A/Negative/--) and Storebrand Bank ASA (BBB+/Positive/A-2). The rating on the holding companyNOR40301020 403010 4030 40Storebrand ASA308594EUROMIDAFR1055Z@NOFULLNOR86212840301020 403010 4030 40Storebrand Livsforsikring AS320076EUROMIDAFR1054Z@NOGLOBISSINSCredit & Investment ResearchS&P Credit Researchhttp://www.alacrastore.com/storecontent/spcred/620437spcred/620437normThe latest Full Report from S&P12/17/2007 1:27:48 PMFull Report400global620437NorwayLife & Health InsuranceEurope, Middle East, AfricaGlobal IssuersInsuranceFull ReportFinancial and risk management competence used to closely manage overall risk profile of the Storebrand group Strong new business and profit margins in life company, with expectation of stable earnings post regulatory change Strong domestic competitive position Current geographic concentration of earnings and revenues in the small Norwegian life and pensions market Uncertainties arising from the execution risk associated with competition and regulatory changes in the Norwegian market Execution and integration risks arising from the SPP acquisition The 'BBB+' long-term counterparty credit rating on Norway-based Storebrand ASA reflects its position as the holding company of the Storebrand group (Storebrand), which includes life insurer Storebrand Livsforsikring AS (Storebrand Liv; A/Negative/--) and Storebrand Bank ASA (BBB+/Positive/A-2). The rating on the holding companyNOR40301020 403010 4030 40Storebrand ASA308594EUROMIDAFR1055Z@NOFULLGLOBISSINSCredit & Investment ResearchS&P Credit Researchhttp://www.alacrastore.com/storecontent/spcred/620443spcred/620443normThe latest Summary from S&P12/17/2007 1:27:48 PMSummary175global620443NorwayLife & Health InsuranceEurope, Middle East, AfricaGlobal IssuersInsuranceSummaryThe 'BBB+' long-term counterparty credit rating on Norway-based Storebrand ASA reflects its position as the holding company of the Storebrand group (Storebrand), which includes life insurer Storebrand Livsforsikring AS (Storebrand Liv; A/Negative/--) and Storebrand Bank ASA (BBB+/Positive/A-2). The rating on the holding company is supported by the strong financial strength characteristics of Storebrand Liv--based on its strong competitive position and operating performance in Norway. In September 2007, Storebrand announced the acquisition of Swedish insurer SPP and certain other entities and interests from Svenska Handelsbanken (AA-/Stable/A-1+). The acquisition will be financed through a mixture of equity, debt, and capital restructuring at SPP. The acquisition is viewed by Standard&Poor's Ratings Services as a continuation of Storebrand Liv's strategy to beNOR40301020 403010 4030 40Storebrand ASA308594EUROMIDAFR1055Z@NOSUMMARYGLOBISSINSCredit & Investment ResearchS&P Credit Research