DNB Bank ASA

Interest Rate Update/Notice • Aug 22, 2022

DNB raises interest rates on home mortgages

DNB raises interest rates on home mortgages

· Following Norges Bank's decision to increase the key policy rate by 0.5

percentage points at the monetary policy meeting on 18 August, DNB?has decided

to increase the interest rate on home mortgages by up to 0.5 percentage points,

says Ingjerd Blekeli Spiten, Group EVP for the personal customer market in DNB.

DNB wants to help young people enter the housing market, and we offer young

people who buy their first home our best floating rate of 2.89 per cent.

Furthermore, we have strengthened our advisory services targeted at this

customer group.

The deposit rate is also increased by up to 0.5 percentage points.

All customers whose interest rates are adjusted will be given information in the

Internet bank or receive a letter by regular mail, explaining how this affects

them.?The new interest rates will apply to new mortgages and deposits from 23

August, and to existing home mortgages and deposits from 6. October.

For more information, please contact:

Rune Helland, head of Investor Relations: (+47) 23 26 84 00 / (+47) 97 71 32 50

Vibeke Lewin, Executive Vice President Communications: (+47) 99 01 33 49

This information is subject to the disclosure requirements according to Section

5-12 of the Norwegian Securities Trading Act.