DNB Bank ASA

DNB Bank ASA shall buy back up to 0.5 percent of the company's own shares

The Board of Directors of DNB Bank ASA 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. The purpose of the buy-back programme is

to optimise the company's capital structure.

The buy-back programme was adopted based on an authorisation given by DNB Bank

ASA's Annual General Meeting last year, on 26 April 2022, and has been approved

by the Financial Supervisory Authority of Norway.

Up to 5,116,200 shares will be bought back on trading venues, at a price of

between NOK 10 and NOK 300 per share. The buy-back programme will, at the

latest, end on 10 March 2023. A proposal will be made at this year's Annual

General Meeting, which will be held on 25 April 2023, to cancel the shares that

have been bought back.

The remaining shares under the buy-back programme - up to 2,635,600 shares -

will at the same Annual General Meeting be proposed redeemed 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. NFD's

shares will be redeemed at a price equal to the average price of the shares

bought back on trading venues, with the addition of an interest compensation.

The buy-back programme will be carried out in accordance with the Market Abuse

Regulation and the regulation regarding buy-back programmes and stabilisation

measures.

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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