DNB Bank ASA

Major Shareholding Notification • Apr 28, 2023

The Capital Group Companies, Inc. 333 South Hope Street Los Angeles, CA 90071-1406

capitalgroup.com

26 April 2023

DNB Bank ASA Oslo Bors AS

(Oslo Stock Exchange) 011 47 22 41 67 90 ma@oslobors.no

Norwegian Central Depository (VPS) 011 47 22 63 52 00 vps@vps.no

Re: The Capital Group Companies, Inc. - Disclosure of acquisition/disposition of large shareholdings - DNB Bank ASA (the "Company")

The Capital Group Companies, Inc. ("CGC") is the parent company of Capital Research and Management Company ("CRMC") and Capital Bank & Trust Company ("CB&T"). CRMC is a U.S.-based investment management company that serves as investment manager to the American Funds family of mutual funds and institutional clients. CRMC and its investment manager affiliates manage equity assets for various investment companies through three divisions, Capital Research Global Investors, Capital International Investors and Capital World Investors. CRMC is the parent company of Capital Group International, Inc. ("CGII"), which in turn is the parent company of four investment management companies ("CGII management companies"): Capital International, Inc., Capital International Limited, Capital International Sàrl and Capital International K.K. CGII management companies and CB&T primarily serve as investment managers to institutional clients. CB&T is a U.S.-based investment management company that is a registered investment adviser and an affiliated federally chartered bank.

Neither CGC nor any of its affiliates own shares of the Company for its own account. Rather, the shares reported on this Notification are owned by accounts under the discretionary investment management of one or more of the investment management companies described above.

Pursuant to Section 4-3 of the Norwegian Securities Trading Act and the Securities Trading Act Regulations, we hereby disclose the following information.

On 26 April 2023, one or more of CGC's management companies acquired 208,223 shares of the Company and lent 8,801,534 shares of the Company, resulting in a shareholding amounting to 6.157% of total voting rights and 6.157% of total share capital. Please see the enclosed Schedule A for transaction details and Schedule B for the number of shares in the Company held by each management company in respect of which this notification relates.

For the purpose of this Report, the total voting rights figure of 1,550,365,021 votes and the total share capital figure of 1,550,365,021 shares were used to calculate the percentages. We believe these figures are correct; however, if these numbers are not accurate, please contact us as soon as possible so we may make the necessary revisions.

Should you have questions or require additional information, please contact us at (213) 615-0469 or via e-mail at GRGroup@capgroup.com.

Regards,

_____________________

Emily Meikle Compliance Associate

Schedule A - DNB Bank ASA The Capital Group Companies, Inc. Transactions by Management Company As of 26 April 2023

Management Company	Date of transaction	Nature of change	Price per share	Class and number of securities transacted	Votes affected
Capital Research and Management Company	26 Apr 2023	Sale	18.7700 USD	985 Common Stock arising from 985 Depository Receipts	985
Capital Research and Management Company	26 Apr 2023	Loan		8,801,534 Common Stock	8,801,534
Capital Research and Management Company	26 Apr 2023	Purchase	18.7700 USD	3,697 Common Stock arising from 3,697 Depository Receipts	3,697
Capital Research and Management Company	26 Apr 2023	Purchase	184.7686 NOK	43,182 Common Stock	43,182
Capital Research and Management Company	26 Apr 2023	Purchase	186.9250 NOK	158,544 Common Stock	158,544
Capital International, Inc.	26 Apr 2023	Purchase	188.6965 NOK	7,612 Common Stock	7,612
Capital Group Private Client Services, Inc.	26 Apr 2023	Sale	188.0935 NOK	4,461 Common Stock	4,461
Capital Group Private Client Services, Inc.	26 Apr 2023	Purchase	188.1500 NOK	634 Common Stock	634

Schedule B - DNB Bank ASA The Capital Group Companies, Inc. Holdings by Management Company As of 26 April 2023

Total Shares = Actual Shares + Lent Shares

Management Company	Number of Votes	Percent of total voting rights	Number of Shares	Percent of total shares
Capital Research and Management Company	9,035,324	0.583%	9,035,324	0.583%
Capital International Limited	583,344	0.038%	583,344	0.038%
Capital International Sarl	768,168	0.050%	768,168	0.050%
Capital International, Inc.	3,631,180	0.234%	3,631,180	0.234%
Capital Group Private Client Services, Inc.	3,014,189	0.194%	3,014,189	0.194%
Capital Group Investment Management Private Limited	152,087	0.010%	152,087	0.010%
The Capital Group Companies, Inc.	17,184,292	1.108%	17,184,292	1.108%

Actual Shares

Management Company	Number of Votes	Percent of total voting rights	Number of Shares	Percent of total shares
Capital Research and Management Company	87,314,580	5.632%	87,314,580	5.632%
Capital International Limited	583,344	0.038%	583,344	0.038%
Capital International Sarl	768,168	0.050%	768,168	0.050%
Capital International, Inc.	3,631,180	0.234%	3,631,180	0.234%
Capital Group Private Client Services, Inc.	3,014,189	0.194%	3,014,189	0.194%
Capital Group Investment Management Private Limited	152,087	0.010%	152,087	0.010%
The Capital Group Companies, Inc.	95,463,548	6.157%	95,463,548	6.157%

Lent Shares

Management Company	Number of Votes	Percent of total voting rights	Number of Shares	Percent of total shares
Capital Research and Management Company	-78,279,256	-5.049%	-78,279,256	-5.049%
The Capital Group Companies, Inc.	-78,279,256	-5.049%	-78,279,256	-5.049%