DNB Bank ASA — Director's Dealing 2014

May 9, 2014

DNB - Acquisition of shares by primary insiders

DNB - Acquisition of shares by primary insiders

DNB - Acquisition of shares by primary insiders

Oslo, 9 May 2014

Today, 9 May 2014, a total of 275,522 shares in DNB

ASA were acquired on behalf of certain leading

employees and risk takers. The purchase was executed

collectively at an average price per share of NOK

107.3655.

The shares were acquired in accordance with the

regulation on remuneration in financial institutions,

which states that at least half of variable

remuneration shall be awarded as shares and be

subject to certain lock-up mechanisms.

The employees have been given a compensation for

decreased share value resulting from the lock-up at

approximately 6.9%.

A list of primary insiders of DNB ASA that have

increased their shareholding is attached.

This information is subject of the disclosure

requirements pursuant to section 5-12 of the

Norwegian Securities Trading Act.