DNB Bank ASA

Transaction in Own Shares • Oct 6, 2023

DNB Bank ASA - status of share buy-back programme after week 40 2023

DNB Bank ASA - status of share buy-back programme after week 40 2023

On 17 July 2023, DNB Bank ASA ("DNB") announced that the company has decided to

initiate a share buy-back programme comprising up to 1.5 percent of the

company's own shares, which represents a total of 23,139,197 shares.

Up to 15,271,870 shares will be bought back on trading venues by 18 October

2023, and a proposal will be made at the Annual General Meeting in 2024 to

cancel the shares. At the same meeting it will also be proposed to redeem the

remaining shares - up to 7,867,327 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 bought under the buy-back programme,

including the shares that will be proposed redeemed from NFD, will not exceed

NOK 4.9 billion.

During week 40 of 2023, DNB purchased 1,206,062 own shares at an average price

of NOK 213.1685 per share. Following this, DNB owns a total of 13,321,768 own

shares, corresponding to 0.86 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) | |

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

|2/10 |250,000 |215.7791|53,944,775.00 |

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

|3/10 |250,000 |214.4468|53,611,700.00 |

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

|4/10 |250,000 |212.7561|53,189,025.00 |

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

|5/10 |250,000 |210.5434|52,635,850.00 |

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

|6/10 |206,062 |212.1353|43,713,024.19 |

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

|Previously announced buy|12,115,706|211.1623|2,558,383,753.14 |

|-backs under the | | | |

|programme | | | |

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

|Total buy-backs made |13,321,768|211.3442|2,815,478,127.33 |

|under the programme | | | |

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

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

announcement that was published on 17 July 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.