BÅRD BENUM TO LEAVE VITAL

Bård Benum has chosen to retire from his position as group executive vice president in DnB NOR and managing director of Vital to take over as president and CEO of Powel ASA. Benum has been employed in the Group for nine years and has headed what is now known as Vital for six years. He will continue to head Vital until a new managing director is appointed. Powel ASA provides software solutions to the energy sector in Norway and internationally, and is headquartered in Trondheim.

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DNB is Norway's largest financial services group and offers financial products and services, including loans and deposits, mutual funds and asset management, life insurance and pension savings, payment and financing services, real estate broking and services related to the money and capital markets.

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