DNB Bank ASA

Transaction in Own Shares • Feb 14, 2020

DNB ASA - Share buy-back status after week 7

DNB ASA - Share buy-back status after week 7

During week 7 2020, DNB ASA has purchased 1 212 000 own shares at an average

price of NOK 174.32 per share. After this, DNB ASA owns a total of 12 546 000

own shares.

The repurchase of shares is part of the share buy-back programme announced by

DNB ASA on 24 October 2019, as subsequently amended by an announcement on 20

November, 12 December 2019 and 6 February 2020. The share buy-back programme

comprises up to approximately 31.6 million shares, of which up to approximately

20.9 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 notifications made on 24 October, 20 November, 12

December 2019 and 6 February 2020 (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