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

9 February 2023.

A total of 5,116,200 shares were bought back on trading venues, at an average

price of NOK 201.0339. Following this, DNB owns a total of 5,116,200[ ]own

shares - i.e. the same number. A proposal will be made at this year's Annual

General Meeting, which will be held on 25 April 2023, to cancel all these

shares.

A proposal will also be made at this year's Annual General Meeting for

2,635,600[ ]shares to be redeemed from the Norwegian Government, represented by

the Ministry of Trade, Industry and Fisheries, so that its current ownership

interest of 34 percent remains unchanged.

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

announcement that was published on 9 February 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.

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