DNBNOR - TRANSFER OF SHARES

DnB NOR ASA - transfer of shares in DnB NOR Asset Management Holding (Sweden) AB to DnB NOR Kapitalforvaltning Holding AS Today, 26 September 2005, DnB NOR ASA has signed an agreement to transfer all shares in its wholly owned subsidiary DnB NOR Asset Management Holding (Sweden) AB (a total of 1,351,000 shares) to DnB NOR Kapitalforvaltning Holding AS, another wholly owned subsidiary of DnB NOR ASA. The transfer is in compliance with prevailing rules on intra-group transactions. Compensation will total NOK 1,087,916,000, corresponding to NOK 805.267 per share. The transfer will be effective as of 1 January 2005, conditional on the necessary permits from public authorities in Norway and abroad. This statement has been issued in compliance with Section 3- 1, first paragraph, second sentence of the Securities Trading Act. The transfer of shares in DnB NOR Asset Management Holding (Sweden) AB will have no impact on DnB NOR ASA`s financial position. http://www.newsweb.no/index.asp?melding_ID=113907

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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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