DNB Bank ASA

New Chief Financial Officer in DNB

Ottar Ertzeid will be the new CFO of DNB, starting 1 September 2019.

Ertzeid is a graduate of BI Norwegian Business School, and has been head of DNB

Markets for nearly 18 years. He is also a board member in Oslo Børs, the

Norwegian Investor Compensation Scheme and Dextra Artes.

"It is a great advantage for us that we are getting a CFO with such a strong

commercial instinct, who already has detailed knowledge of DNB's business

operations. Ottar has delivered excellent results over a long period of time,

and also has deep insight into all the regulatory processes that apply to the

financial services industry," says newly appointed Group Chief Executive,

Kjerstin Braathen.

The CFO is currently responsible for DNB's financial management, accounting and

reporting, DNB Legal, Treasury, M&A and Investor Relations.

"I am excited about taking on new challenges in DNB as CFO. This is a discipline

and function that I'm passionate about and that I'm looking forward to

developing further in DNB," says Ottar Ertzeid.

Alexander Opstad will become acting head of DNB Markets. He is currently head of

Equities in DNB Markets. Ottar Ertzeid is replacing Kjerstin Braathen, who will

become new CEO of DNB on 1 September.

Photos: https://www.dnbnyheter.no/bildebank/alexander-opstad/

For further information, contact:

IR: Head of Investor Relations Rune Helland, +47 977 13 250

Media: Group Executive Vice President of Media & Marketing Thomas Midteide,

+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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