DNB Bank ASA — M&A Activity 2014

Mar 24, 2014

DNB has signed an agreement to sell its shares in Nets Holding A/S

DNB has signed an agreement to sell its shares in Nets Holding A/S

DNB has signed an agreement to sell its shares in Nets Holding A/S to a

consortium consisting of Advent International, ATP and Bain Capital. The

cash consideration will increase the value of DNB's holding by

approximately NOK 900 million in the first quarter of 2014. The

transaction is subject to approval by the authorities and is expected to

be completed in the second quarter of 2014. Once the transaction has

been completed, DNB's Common Equity Tier 1 capital ratio (CET 1-ratio),

calculated according to the transitional rules, will increase by

approximately 0.1 percentage points. See the press release from Nets

Holding A/S for more information.

For further information, please contact:

Thomas Midteide, Corporate Communications, tel. (+47) 96 23 20 17

Jan Erik Gjerland, Investor Relations, tel. (+47) 23 26 84 08