DNB Bank ASA

DNB Bank ASA's share buy-back programme has been completed

DNB Bank ASA ("DNB") has completed the share buy-back programme announced on 22

December 2023.

A total of 7,635,935 shares, which equals 0.495 percent of the shares in the

company, were purchased on trading venues, for a total consideration of

approximately NOK 1.603 billion. The average price paid per share was NOK

209.99. Following this, DNB owns a total of 33,054,725 own shares, which equals

2.143 percent of the shares in the company. A proposal will be made at the

Annual General Meeting in 2024 to cancel all these shares.

At the same meeting it will also be proposed to redeem 17,028,192 shares, which

equals 1.104 percent of the shares in the company, from the Norwegian

Government, represented by the Ministry of Trade, Industry and Fisheries

("NFD"). The purpose of this is to ensure that NFD's ownership interest of 34

percent remains unchanged. NFD will receive a total consideration of

approximately NOK 3.576 billion and an interest compensation.

Please see the stock exchange announcement published on 22 December 2023, which

is available at www.newsweb.oslobors.no, for more information about the buy-back

programme.

For further information, please contact Rune Helland, Head of Investor

Relations, on +47 23 26 84 00 or +47 97 71 32 50.

This announcement contains information that is subject to disclosure

requirements pursuant to the Market Abuse Regulation and section 5-12 of the

Norwegian Securities Trading Act.

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