VPS Accounts terminated by Storebrand Bank ASA

VPS has been informed that Storebrand Bank ASA (Storebrand) plans to terminate its activities as a VPS account operator. Storebrand has notified some of its customers holding VPS accounts that they must transfer the holdings on their accounts to another account operator within 4 June 2015.

VPS would like to make clear that such customers may disregard the notice from Storebrand.

According to VPS’ agreement with Storebrand and all other account operators, account operators wanting to terminate their account operator activities must plan this jointly
with VPS. The plan shall seek to secure VPS account holders, holders of limited rights and issuers against losses or unnecessary inconvenience due to the termination. In case Storebrand terminates its account operator activities, VPS accounts operated by Storebrand will be transferred to another account operator. Further, investors will be able to get their holdings transferred to an account operator of their choice free of charge. Questions regarding the matter may be addressed to Storebrand Bank directly, or to VPS at kunde@vps.no