DNB Bank ASA

DNB lowers the interest rate on home mortgages

DNB has today decided to reduce the home mortgage interest rate by up to

0,4 percentage points.

-The price of money has fallen over the past weeks, as a result of market

developments and the uncertainty around the Norwegian economy. As Norway's

largest bank, we must be a safe and predictable partner for our customers and

offer competitive prices. We are therefore lowering the interest rate for home

mortgages by up to 0,4 percentage points for new and existing customers, says

Ingjerd Blekeli Spiten, head of Personal Banking in DNB.

-DNB is one of the most solid banks in Europe, and we play an important role in

society by helping to keep the wheels of the Norwegian economy turning. Over the

last eight weeks we've helped thousands of customers with everything from

interest-only periods to bridging loans, and we'll continue to do so. The bank

is still open like before, and the corona situation has not made it more

difficult for Norwegian consumers to get a loan in DNB, she continues.

The interest rate change for existing home mortgages comes into effect from 25

May. Our new rates will apply to new mortgages from 11 May. All customers whose

interest rates are adjusted will be given information in the Internet bank or

receive a letter by regular mail, explaining how their mortgage is affected.

For further information:

Investor contact:

Rune Helland, head of Investor Relations, tel. (+47) 23 26 84 00 / (+47) 977 13

250

Media contact:

Thomas Midteide, Group EVP Communications, tel. (+47) 962 32 017

This information is subject to the disclosure requirements according to Section

5-12 of the Norwegian Securities Trading Act.

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