DNB Bank ASA

Major Shareholding Notification • Apr 24, 2023

The Capital Group Companies, Inc. 333 South Hope Street Los Angeles, CA 90071-1406

capitalgroup.com

21 April 2023

DNB Bank ASA Oslo Bors AS

(Oslo Stock Exchange) 011 47 22 41 67 90 ma@oslobors.no

Norwegian Central Depository (VPS) 011 47 22 63 52 00 vps@vps.no

Re: The Capital Group Companies, Inc. - Disclosure of acquisition/disposition of large shareholdings - DNB Bank ASA (the "Company")

The Capital Group Companies, Inc. ("CGC") is the parent company of Capital Research and Management Company ("CRMC") and Capital Bank & Trust Company ("CB&T"). CRMC is a U.S.-based investment management company that serves as investment manager to the American Funds family of mutual funds and institutional clients. CRMC and its investment manager affiliates manage equity assets for various investment companies through three divisions, Capital Research Global Investors, Capital International Investors and Capital World Investors. CRMC is the parent company of Capital Group International, Inc. ("CGII"), which in turn is the parent company of six investment management companies ("CGII management companies"): Capital International, Inc., Capital International Limited, Capital International Sàrl, Capital International K.K., Capital Group Private Client Services, Inc., and Capital Group Investment Management Private Limited. CGII management companies and CB&T primarily serve as investment managers to institutional clients. CB&T is a U.S.-based investment management company that is a registered investment adviser and an affiliated federally chartered bank.

Neither CGC nor any of its affiliates own shares of the Company for its own account. Rather, the shares reported on this Notification are owned by accounts under the discretionary investment management of one or more of the investment management companies described above.

Pursuant to Section 4-3 of the Norwegian Securities Trading Act and the Securities Trading Act Regulations, we hereby disclose the following information.

On 21 April 2023, one or more of CGC's management companies acquired 1,286,854 shares of the Company. Additionally, on 21 April 2023, one of CGC's management companies, CRMC, had lent 29,510,554 shares of the Company, altogether resulting in a shareholding amounting to 6.120% of total voting rights and 6.120% of total share capital, with 4.217% being actually held and 1.903 % being lent shares. Please see the enclosed Schedule A for transaction details and Schedule B for the number of shares in the Company held by each management company in respect of which this notification relates.

For the purpose of this Report, the total voting rights figure of 1,550,365,021 votes and the total share capital figure of 1,550,365,021 shares were used to calculate the percentages. We believe these figures are correct; however, if these numbers are not accurate, please contact us as soon as possible so we may make the necessary revisions.

Should you have questions or require additional information, please contact us at (213) 615-0469 or via e-mail at GRGroup@capgroup.com.

Regards,

_____________________

Emily Meikle Compliance Associate

Schedule A - DNB Bank ASA The Capital Group Companies, Inc. Transactions by Management Company As of 21 April 2023

Management Company	Date of transaction	Nature of change	Price per share	Class and number of securities transacted	Votes affected
Capital Research and Management Company	21 Apr 2023	Sale	19.0250 USD	1,644 Common Stock arising from 1,644 Depository Receipts	1,644
Capital Research and Management Company	21 Apr 2023	Purchase	19.0250 USD	1,286,858 Common Stock arising from 1,286,858 Depository Receipts	1,286,858
Capital Group Private Client Services, Inc.	21 Apr 2023	Purchase	200.0000 NOK	1,640 Common Stock	1,640

Schedule B - DNB Bank ASA The Capital Group Companies, Inc. Holdings by Management Company As of 21 April 2023

Total Shares = Actual Shares + Lent Shares

Management Company	Number of Votes	Percent of total voting rights	Number of Shares	Percent of total shares
Capital Research and Management Company	57,226,415	3.691%	57,226,415	3.691%
Capital International Limited	583,344	0.038%	583,344	0.038%
Capital International Sarl	768,168	0.050%	768,168	0.050%
Capital International, Inc.	3,623,568	0.234%	3,623,568	0.234%
Capital Group Private Client Services, Inc.	3,017,800	0.195%	3,017,800	0.195%
Capital Group Investment Management Private Limited	152,087	0.010%	152,087	0.010%
The Capital Group Companies, Inc.	65,371,382	4.217%	65,371,382	4.217%

Actual Shares

Management Company	Number of Votes	Percent of total voting rights	Number of Shares	Percent of total shares
Capital Research and Management Company	86,736,969	5.595%	86,736,969	5.595%
Capital International Limited	583,344	0.038%	583,344	0.038%
Capital International Sarl	768,168	0.050%	768,168	0.050%
Capital International, Inc.	3,623,568	0.234%	3,623,568	0.234%
Capital Group Private Client Services, Inc.	3,017,800	0.195%	3,017,800	0.195%
Capital Group Investment Management Private Limited	152,087	0.010%	152,087	0.010%
The Capital Group Companies, Inc.	94,881,936	6.120%	94,881,936	6.120%

Lent Shares

Management Company	Number of Votes	Percent of total voting rights	Number of Shares	Percent of total shares
Capital Research and Management Company	-29,510,554	-1.903%	-29,510,554	-1.903%
The Capital Group Companies, Inc.	-29,510,554	-1.903%	-29,510,554	-1.903%