Board of Representatives

Members
Terje R. Venold	Chairman
Terje Andersen	Member (elected by shareholders)
Helge Leiro Baastad	Member (elected by shareholders
Vibeke Hammer Madsen	Member (elected by shareholders)
Morten Fon	Member (elected by shareholders)
Karen Helene Ulltveit-Moe	Member (elected by shareholders)
Olaug Svarva	Member (elected by shareholders)
Pål Syversen	Member (elected by shareholders)
Trond Berger	Member (elected by shareholders)
Maalfrid Brath	Member (elected by shareholders)
Marianne Lie	Member (elected by shareholders)
Tore Eugen Kvalheim	Member (elected by shareholders)
Trond Thire	Member (elected by employees)
Unn Kristin Johnsen	Member (elected by employees)
Tor Haugom	Member (elected by employees)
Tommy Christiansen	Member (elected by employees)
Annika Fallenius	Member (elected by employees)
Rune Pedersen	Member (elected by employees)

Deputy members
Lars Tronsgaard	Deputy member (elected by shareholders)
Tor Magne Lønnum	Deputy member (elected by shareholders)
Anne-Lise Aukner	Deputy member (elected by shareholders)
Jostein Furnes	Deputy member (elected by shareholders)
Per-Erik Hauge	Deputy (elected by employees)
May Helene Moldenhauer	Deputy (elected by employees)

The Board of Representatives in Storebrand ASA is a legal requirement, and has 18 members, of which 12 are elected by the AGM and six by the group's employees. Members are each elected for a two-year term of office so that half the members retire each year.

It is a statutory requirement that the members elected by the AGM shall reflect the company's interest groups, customer structure and its function in society. Abroad cross-section of shareholders is represented through elections to the Board of Representatives.

The duties of the Board of Representatives include:

• making recommendations to the AGM on the Board's proposal for the annual report and accounts
• electing the six shareholder nominated directors, including the Chairman, to the Board of Directors
• determining the fees paid to the directors
• issuing the mandate for the work of the Control Committee
• considering reports from the Control Committee

The Board of Representatives is entitled to make recommendations to the Board of Directors on any matter.