DNB Bank ASA — M&A Activity 2018

Dec 21, 2018

Notice of an intra-group merger between DNB Bank ASA and DNB Næringskreditt AS

Notice of an intra-group merger between DNB Bank ASA and DNB Næringskreditt AS

The board of directors of DNB Bank ASA, org.nr 984 851 006 ("DNB Bank") and DNB

Næringskreditt AS ("DNB Næringskreditt ") have prepared and signed a joint

merger plan for the merger between DNB Bank and DNB Næringskreditt. The merger

provides that all of DNB Næringskreditt's assets, rights and obligations will be

transferred to DNB Bank without consideration and DNB Næringskreditt will be

dissolved.

The merger will be conducted as a parent company merger pursuant to the

simplified rules for intra-group mergers as set out in Section 13-24 of the

Public Limited Companies Act.

Completion of the merger will be conditional upon the approval from the

Norwegian Ministry of Finance or the Norwegian Financial Authorities and that

any objections from creditors have been clarified pursuant to the Public Limited

Companies Act.

The merger plan is submitted to the Norwegian Register of Business Enterprises

pursuant to Section 13-13 of the Public Limited Companies Act. Final resolution

of the merger will be adopted by the board of directors' at the earliest one

month after the merger plan has been published by the Norwegian Register of

Business Enterprises.

The Board of directors of DNB Bank and DNB Næringskreditt intend to adopt the

final merger resolution within February 2019 and the merger is expected to enter

into force prior to 31 December 2019.

For more information please contact:

Roar Sørensen (phone: +47 993479616)

The information is published pursuant to the Continuing obligations.