DNB Bank ASA — Earnings Release 2011

May 6, 2011

Preliminary result for the first quarter of 2011

Preliminary result for the first quarter of 2011

According to preliminary unaudited data calculated in accordance to
International financial reporting standards, AB DnB NORD Bankas, company code
112029270, VAT payer code LT120292716, registered office at J. Basanavičiaus
St. 26, Vilnius, the data is collected and stored at the Register of Legal
Entities earned LTL 22.3 million (EUR 6.5 million) net profit in the first
quarter of 2011.

In the first quarter of 2010 AB DnB NORD Bankas' financial result was LTL 53.1
million (EUR 15.4 million) net loss.

     Andrius Vilkancas
     press officer
     tel. +370 5 239 3413