Sparebankstiftelsen DnB NOR has sold 18.5 million shares in DnB NOR ASA

Sparebankstiftelsen DnB NOR has sold 18.5 million shares in DnB NOR ASA to finance targeted participation in the DnB NOR rights issue.

Reference is made to the stock exchange notice of 23 October 2009. Sparebankstiftelsen DnB NOR (”Sparebankstiftelsen”) has sold 18,500,000 shares in DnB NOR ASA at NOK 68.50 per share. ABG Sundal Collier and DnB NOR Markets were joint bookrunners in the sales process. After the transaction, Sparebankstiftelsen owns 133,344,864 shares in DnB NOR ASA (~10% of total outstanding shares). The proceeds from the placing will be used to subscribe for new shares in the upcoming rights issue in DnB NOR. Contact persons: Frode Helgerud, CEO, mobile +47 90 51 85 24 Arne Huser, Director Financial Investments, mobile +47 95 75 38 62

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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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