Notice of Redemption

Kommunal Landspensjonskasse

24 April 2025

 

THIS ANNOUNCEMENT RELATES TO THE DISCLOSURE OF INFORMATION THAT QUALIFIED OR MAY HAVE QUALIFIED AS INSIDE INFORMATION WITHIN THE MEANING OF ARTICLE 7(1) OF THE MARKET ABUSE REGULATION (EU) 596/2014 (AS IT FORMS PART OF DOMESTIC LAW BY VIRTUE OF THE EUROPEAN UNION (WITHDRAWAL) ACT 2018)

NOTICE OF redemption

to the holders of the outstanding

€293,988,000 Fixed/Floating Rate Dated Subordinated Notes Due 2045 (ISIN: XS1217882171)

(the "Notes")

issued by

Kommunal Landspensjonskasse gjensidig forsikringsselskap

(the "Issuer")

NOTICE IS HEREBY GIVEN to the holders of the Notes (the "Noteholders") that the Issuer has elected to redeem on 10 June 2025 the entire outstanding aggregate nominal amount of the Notes (being €293,988,000) in accordance with, and subject as provided in, (i) Condition 7.4 (Redemption at the Option of the Issuer) of the Terms and Conditions of the Notes (the "Conditions") and (ii) the terms of the permanent global note representing the Notes, at their principal amount together with unpaid interest accrued to (but excluding) the date of redemption.  

The Issuer has given notice to the Issuer Supervisor and the Issuer Supervisor has granted prior permission to redeem the Notes.

Following redemption of the Notes, (i) the Notes will be cancelled and no further interest payments will be made and (ii) request will be made to the Financial Conduct Authority (the "FCA") for the listing of the Notes on the Official List of the FCA and to the London Stock Exchange plc (the "London Stock Exchange") for the admission to trading of the Notes on the regulated market of the London Stock Exchange to be cancelled.

Words and expressions used in this notice but not otherwise defined shall have the meanings ascribed to them in the Conditions.

For further information you may contact:

Ole-Petter Bård Anstensrud

Director Capital Management

[e-mail]

This notice, which is irrevocable, is given by Kommunal Landspensjonskasse gjensidig forsikringsselskap on 24 April 2025.

This notice is released by the Issuer and contains information that qualified or may have qualified as inside information for the purposes of Article 7 of the Market Abuse Regulation (EU) 596/2014 (as it forms part of domestic law by virtue of the European Union (Withdrawal) Act 2018) ("MAR"), encompassing information relating to the partial redemption of Notes described above. For the purposes of MAR and Article 2 of Commission Implementing Regulation (EU) 2016/1055 (as it forms part of domestic law by virtue of the European Union (Withdrawal) Act 2018), this announcement is made by Ole-Petter Bård Anstensrud, Director Capital Management of the Issuer.

LEI Number: 5493002TWSCUCMYHQT46

 

END