DNB Bank ASA

Capital/Financing Update • Mar 13, 2020

DNB lowers the interest rate on home mortgages

DNB lowers the interest rate on home mortgages

«We are lowering the interest rate on home mortgages by up to 0.35 percentage

points for new and existing customers. There is now a great deal of uncertainty

in the market. This means that the banks are still paying a higher price for

their loans in the market than they did a few days ago, in spite of the interest

rate cut from the central bank," says Ingjerd Blekeli Spiten, head of Personal

Banking in DNB.

"Our main concern is to offer competitive prices and provide customers across

the country with sound advice. We have also today made it easier for customers

in a demanding situation to be granted an interest-only period, for example if

they are temporarily laid off," she adds.

Green home mortgages will have our best indicative interest rate of 2.54 per

cent.

For existing customers, the change will take effect from 1 May 2020. Our new

prices will apply from Tuesday 17 March. All customers whose interest rates will

change, will be informed in the Internet bank or by mail about how this affects

their loan.

For further information, please contact:

Even Westerveld, EVP Corporate Communications, tel. ( 47) 400 16 744

Rune Helland, head of Investor Relations, tel. ( 47) 977 13 250

This information is subject to the disclosure requirements according to Section

5-12 of the Norwegian Securities Trading Act.