DNB Bank ASA

Transaction in Own Shares • Dec 6, 2019

DNB ASA - Share buy-back status after week 49

DNB ASA - Share buy-back status after week 49

During week 49 2019, DNB has purchased 1 496 000 own shares at an average price

of NOK 153.69 per share. After this, DNB ASA owns a total of 7 258 000 own

shares.

The repurchase of shares is part of the share buy-back programme announced by

DNB ASA on 24 October 2019, as subsequently amended by an announcement on 20

November 2019. The share buy-back programme comprises up to approximately 15.8

million shares, of which up to approximately 10.4 million shares may be

repurchased in the open market. The rest will be redeemed from the state of

Norway on a proportionate basis, subject to approval from DNB ASA's annual

general meeting in 2020, so that its current ownership interest of 34.00% will

remain unaffected following completion of the buy-back programme.

For further information about the share buy-back programme, DNB ASA refers to

the Oslo Stock Exchange notifications made on 24 October and 20 November 2019

(available from www.newsweb.no).

This information is subject to the disclosure requirements according to Section

5-12 of the Norwegian Securities Trading Act.

For further information, please contact:

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

13 250