DNB Bank ASA

DNB Bank ASA will buy back up to 1.0 percent of the company's own shares

DNB Bank ASA has decided to initiate a share buy-back programme comprising up to

1.0 percent of the company's own shares, which represents a total of 14,776,048

shares. The buy-back programme was adopted based on an authorisation given by

the Annual General Meeting held on 29 April 2025. The Financial Supervisory

Authority of Norway has approved the buy-back programme, on the condition that

the total buy-backs do not reduce the company's own funds by more than NOK 4,211

million.

The purpose of the buy-back programme is to optimise the company's capital

structure, by reducing the common equity tier 1 (CET1) capital ratio by

approximately 0.40 percentage points.

Up to 0.66 percent of the company's own shares, which equals 9,752,192 shares,

will be bought back on trading venues, at a price of between NOK 10 and NOK 330

per share. The buy-backs will, at the latest, end on 1 October 2025. DNB

Carnegie will manage the buy-backs on behalf of the company, and will decide the

timing of the purchases independently of the company. The shares that are

purchased will be proposed cancelled at the Annual General Meeting in 2026.

The remaining 0.34 percent of the shares - up to 5,023,856 shares - will at the

same Annual General Meeting be proposed redeemed from the Norwegian Government,

represented by the Ministry of Trade, Industry and Fisheries ("NFD"), so that

NFD's ownership interest of 34 percent remains unchanged. NFD's shares will be

redeemed at a price equal to the average price of the shares bought back on

trading venues, with the addition of an interest compensation.

The buy-back programme will be carried out in accordance with the Market Abuse

Regulation and the regulation regarding buy-back programmes and stabilisation

measures.

For further information, please contact Rune Helland, Head of Investor

Relations, on +47 23 26 84 00 or +47 97 71 32 50.

This announcement contains information that is subject to disclosure

requirements pursuant to the Market Abuse Regulation and section 5-12 of the

Norwegian Securities Trading Act.

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