DNB Bank ASA

Postponement of DNB's annual general meeting

DNB ASA normally holds its Annual General Meeting in April each year. Due to the

extraordinary situation caused by the spread of the corona virus and the

authorities' restrictions on mass gatherings, the Board of Directors of DNB ASA

has decided to postpone the general meeting.

In addition, the Board refers to Oslo municipality's ban on gatherings in the

regulations relating to the prevention of the spread of the corona virus in the

municipality of Oslo, adopted by the Oslo City Council on March 27[th], 2020. A

new Annual General Meeting will be called within the ordinary deadline

stipulated by the Norwegian Public Limited Companies Act, which is June 30[th],

DNB is one of the most solid banks in Europe. Norwegian authorities have

expressed an expectation that financial institutions postpone the distribution

of dividends until the great uncertainty surrounding the economic development

has been reduced. On March 27[th], 2020, the European Central Bank (ECB)

published a recommendation (ECB / 2020/19) that banks refrain from making

dividend distributions and performing share buy-backs until October 1[st], 2020

at the earliest. The Board of Directors is committed to support our customers

though challenging times.

On this basis, dividends for 2019 will not be considered at the Annual General

Meeting, but at an extraordinary General Meeting held no later than December

2020. The same applies to the consideration of the authorisation to the Board of

Directors to repurchase shares.

DNB ASA will revert with updated key information on dividends.

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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