In accordance with the purpose of the buy-back program carried out by DNB Bank
ASA ("DNB") during the period from DNB's Annual General Meeting in 2023 to DNB's
Annual General Meeting in 2024, the company's Annual General Meeting held on 29
April 2024 decided to reduce DNB's share capital with NOK 626,036,462.50 from
NOK 19,282,665,037.50 to NOK 18,656,628,575, by deletion or redemption of a
total of 50,082,917 shares.

The capital reduction was filed with the Norwegian Register of Business
Enterprises on 3 May 2024. The creditor notice period of six weeks has now
expired, and the capital reduction has been completed in accordance with the
resolution from the annual general meeting.

The new share capital of DNB ASA is NOK 18,656,628,575 divided between
1,492,530,286 shares of NOK 12.50 each.

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

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