DNB Bank ASA

DNB increases interest rates on home mortgages

"On the basis of Norges Bank's decision at the monetary policy meeting on 23

June to raise the key policy rate, DNB has decided to adjust the interest rate

on home mortgages by up to 0.50 percentage points," says Ingjerd Blekeli Spiten,

head of Personal Banking in DNB.

In DNB, we want to help young people enter the housing market, and they will

therefore be given our best floating interest rate of 2.39 per cent. We have

also strengthened our advisory services targeting this customer group.

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

online bank or receive a letter by post, explaining how their home mortgage will

be affected.?The new interest rates will be valid from 1 July for new mortgages,

and from 10 August for existing mortgages.

For further information:

Rune Helland, Head of Investor Relations, tel.: (+47) 23 26 84 00 / (+47)

97 71 32 50

Vibeke Hansen Lewin, Executive Vice President Communications tel.: (+47) 99 01

33 49

This information is subject to the disclosure requirements according to Section

5-12 of the Norwegian Securities Trading Act.

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