Core Viewpoint - Tryg Forsikring A/S successfully priced and subscribed new Perpetual Restricted Tier 1 Capital Notes, indicating strong investor interest and demand for the offering [2]. Group 1: Transaction Details - The company issued notes for a nominal amount of NOK 300 million and SEK 700 million, with excess investor demand exceeding NOK/SEK 2.65 billion [2]. - The Notes will be settled on 19 November 2025, with NOK Notes having a floating interest rate of 3M NIBOR + 2.10% per annum and SEK Notes at 3M STIBOR + 2.10% per annum [3]. - The first interest payment date on the Notes is scheduled for 19 February 2026 [3]. Group 2: Redemption and Listing Information - The Notes are perpetual with no fixed redemption date, but the company has the option to redeem the NOK and/or SEK Notes at par between 19 May 2031 and 19 August 2031, and subsequently on every Interest Payment Date [4]. - The Notes are expected to be listed on the Nasdaq Copenhagen regulated market on or before 1 June 2026 [4]. Group 3: Additional Transactions - In connection with the Transaction, Tryg Forsikring A/S plans to purchase SEK 682 million of its outstanding SEK 1,000,000,000 Floating Rate Perpetual Restricted Tier 1 Capital Notes at a price of 100.75%, contingent upon certain conditions [5].

Group 1 - Tryg Forsikring A/S has mandated Danske Bank and Nordea as Joint Lead Managers for a digital fixed income investor meeting scheduled for November 10, 2025, to discuss the issuance of Perpetual Restricted Tier 1 Capital Notes [1] - The Notes will be denominated in NOK and/or SEK, with a targeted maturity of 5.75 years to the first call, and are expected to carry a floating interest rate [1] - The expected rating for the Notes is Baa3 by Moody's, and they will include a principal write-down loss absorption mechanism with a discretionary reinstatement condition [1] Group 2 - The Issuer is considering purchasing some or all of its outstanding SEK 1,000,000,000 Floating Rate Perpetual Restricted Tier 1 Capital Notes, contingent upon the successful issuance and settlement of the new Notes [2] - The purchase of Existing Notes will depend on the receipt of proceeds from the new issuance and the satisfaction of specific Redemption and Purchase Conditions [2] - The purchase price for the Existing Notes will be announced in conjunction with the pricing of the new Notes [2] Group 3 - The target market for the Notes is limited to eligible counterparties and professional clients, with no availability for retail investors in the European Economic Area or the United Kingdom [3] - No packaged retail and insurance-based investment products (PRIIPs) key information document (KID) has been prepared for the Notes [3]