DNB Bank ASA — Capital/Financing Update 2015

Feb 12, 2015

DNB Bank ASA - contemplating issuing new Tier 1 capital

DNB Bank ASA - contemplating issuing new Tier 1 capital

DNB Bank ASA is contemplating issuing new perpetual

Tier 1 capital (fondsobligasjonslån).

The purpose of the contemplated bond issue is to

strengthen the bank's capital ratios.

DNB Markets is acting as a sole arranger.

For further information, please contact:

DNB Markets: Jan Krogh-Vennemo, +47 24 16 90 15

Media: Thomas Midteide, +47 962 32 017

Group Treasury: Reidar Bolme, +47 24 16 91 42

This information is subject of the disclosure

requirements pursuant to section 5-12 of the

Norwegian Securities Trading Act.