DNB Bank ASA

DNB Bank ASA initiates share buy-back programme of up to 1.0 percent of its own shares

DNB Bank ASA has decided to initiate a new 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 4,433 million.

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

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

than 0.4 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 20 February 2026. 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 next Annual General Meeting.

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.

The company currently owns 9,752,192 own shares, which were repurchased earlier

this year.

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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