DNB Bank ASA

Transaction in Own Shares • Nov 22, 2019

DNB ASA – Share buy-back status after week 4 7

During week 47 2019, DNB ASA has purchased 1 035 000 own shares at an average price of NOK 164.65 per share. After this, DNB ASA owns a total of 4 655 000 own shares.

The repurchase of shares is part of the share buy-back programme announced by DNB ASA on 24 October 2019. The share buyback programme comprises up to approximately 7.9 million shares, of which up to approximately 5.2 million shares may be repurchased in the open market. The rest will be redeemed from the state of Norway on a proportionate basis, subject to approval from DNB ASA's annual general meeting in 2020, so that its current ownership interest of 34.00% will remain unaffected following completion of the buy-back programme.

For further information about the share buy-back programme, DNB ASA refers to the Oslo Stock Exchange notification made on 24 October 2019 (available from www.newsweb.no).

This information is subject to the disclosure requirements according to Section 5-12 of the Norwegian Securities Trading Act.

For further information, please contact:

Rune Helland, head of Investor Relations, tel. (+47) 23 26 84 00 / (+47) 977 13 250