DNB Bank ASA

Transaction in Own Shares • Feb 17, 2023

DNB BANK ASA - status of share buy-back programme after week 6 and 7 2023

DNB BANK ASA - status of share buy-back programme after week 6 and 7 2023

On 9 February 2023, DNB Bank ASA ("DNB") announced that the company has decided

to initiate a share buy-back programme comprising up to 0.5 percent of the

company's own shares, which represents a total of 7,751,800 shares.

Up to 5,116,200 shares will be bought back on trading venues by 10 March 2023,

and a proposal will be made at this year's Annual General Meeting, which will be

held on 25 April 2023, to cancel the shares. At the same meeting it will also be

proposed to redeem the remaining shares - up to 2,635,600 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.

During week 6 and 7 of 2023, DNB purchased 1,643,951 own shares at an average

price of NOK 193.7160 per share. Following this, DNB owns a total of 1,643,951

own shares, corresponding to 0.106 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)

09.02.2023 235,000 191.2069 44,933,621.5

10.02.2023 235,000 190.4219 44,749,146.5

13.02.2023 235,000 191.1315 44,915,902.5

14.02.2023 235,000 192.8980 45,331,030.0

15.02.2023 235,000 195.3777 45,913,759.5

16.02.2023 235,000 197.8386 46,492,071.0

17.02.2023 233,951 197.1377 46,120,562.0

Previously announced buy 0 0 0

-backs under the

programme

Total buy-backs made 1,643,951 193.7160 318,456,093.0

under the programme

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.

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

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