DNB Bank ASA

DNB - Supervisory Review and Evaluation Process (SREP) 2023

The Financial Supervisory Authority of Norway ("the FSA") regularly (and usually

each year) carries out a Supervisory Review and Evaluation Process ("SREP"),

where they evaluate the risks and capital needs of DNB. The SREP includes a

decision regarding the Pillar 2 Requirement and the Pillar 2 Guidance, which

comes in addition to the minimum requirements and combined buffer requirements

under Pillar 1. DNB has now received this year's decision from the FSA, which

will apply from 31 December 2023.

The FSA has decided that the Pillar 2 Requirement for DNB (on a group level)

shall be reduced from 2.1 % to 2.0 % of the total risk exposure amount (TREA).

At least 56.25 % of the requirement shall be met with common equity tier 1

(CET1) capital, while 75 % must be met with tier 1 capital. The new Pillar 2

Requirement will therefore decrease the total capital requirement by 0.1

percentage points, while the CET1 requirement will be reduced by 0.056

percentage points and the tier 1 requirement will be reduced by 0.075 percentage

points.

The Pillar 2 Guidance is reduced from 1.5 % to 1.25 % of TREA.

In total, the new Pillar 2 Requirement and Pillar 2 Guidance will reduce the

FSA's expectation of DNB's CET1 capital ratio by 0.3 percentage points.

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

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

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