DNBNOR - MERGER UNION BANK OF NORWAY AND DEN NORSKE BANK


The merger between Union Bank of Norway ASA and Den norske http://www.newsweb.no/index.asp?melding_ID=88093 Bank ASA, both wholly-owned subsidiaries of DnB NOR ASA, was registered in the Register of Business Enterprises today, 19 January 2004. As of the same date, the merged bank will change its name to DnB NOR Bank ASA. The merger between Union Bank of Norway ASA and Den norske Bank ASA, both wholly-owned subsidiaries of DnB NOR ASA, was registered in the Register of Business Enterprises today, 19 January 2004. As of the same date, the merged bank will change its name to DnB NOR Bank ASA. Union Bank of Norway ASA is the acquiring company in the merger. All assets, rights and obligations of Den norske Bank ASA were transferred to DnB NOR Bank ASA at the time of registration in the Register of Business Enterprises. Bonds issued by Den norske Bank ASA will continue as bonds in DnB NOR Bank ASA.

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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.