DNB Bank ASA

Transaction in Own Shares • Nov 3, 2023

DNB Bank ASA - status of share buy-back programme after week 44 2023

DNB Bank ASA - status of share buy-back programme after week 44 2023

On 19 October 2023, DNB Bank ASA ("DNB") announced that the company has decided

to initiate a share buy-back programme comprising up to 1.0 percent of the

company's own shares, which represents a total of 15,426,132 shares.

Up to 10,181,247 shares will be purchased on trading venues by 30 January 2024,

and a proposal to cancel the shares will be made at the Annual General Meeting

in 2024. At the same meeting it will also be proposed to redeem the remaining

shares - up to 5,244,885 shares - from the Norwegian Government, represented by

the Ministry of Trade, Industry and Fisheries ("NFD"), so that NFD's ownership

interest of 34 percent remains unchanged.

The total consideration paid for the shares purchased under the buy-back

programme, including the shares that will be proposed redeemed from NFD, will

not exceed NOK 3.3 billion.

During week 44 of 2023, DNB purchased 1,125,000 own shares at an average price

of NOK 200.1266 per share. Following this, DNB has purchased a total of

2,695,000 own shares under the current buy-back programme, corresponding to 0.18

percent of the shares in the company.

Below is a more detailed overview of the transactions carried out under the buy

-back programme:

+------------------------+---------+--------+-----------------------------+

| Date: |Number of|Average |Total transaction value (NOK)|

| | shares | price | |

| | | (NOK) | |

+------------------------+---------+--------+-----------------------------+

|30/10 | 225,000 |201.1320| 45,254,700.00 |

+------------------------+---------+--------+-----------------------------+

|31/10 | 225,000 |201.1527| 45,259,357.50 |

+------------------------+---------+--------+-----------------------------+

|01/11 | 225,000 |200.2326| 45,052,335.00 |

+------------------------+---------+--------+-----------------------------+

|02/11 | 225,000 |198.4529| 44,651,902.50 |

+------------------------+---------+--------+-----------------------------+

|03/11 | 225,000 |199.6627| 44,924,107.50 |

+------------------------+---------+--------+-----------------------------+

|Previously announced buy|1,570,000|204.2279| 320,637,739.00 |

|-backs under the | | | |

|programme | | | |

+------------------------+---------+--------+-----------------------------+

|Total buy-backs made |2,695,000|202.5158| 545,780,141.50 |

|under the programme | | | |

+------------------------+---------+--------+-----------------------------+

For more information about the buy-back programme, please see the stock exchange

announcement that was published on 19 October 2023, which is available at

www.newsweb.oslobors.no.

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.

Attachment: An overview of all buy-backs made this week is enclosed with this

announcement and available at www.newsweb.oslobors.no.