Strategic assessment of credit card operations concluded

Reference is made to the stock exchange announcement made on November 6th 2015. DNB has during the last month conducted a review of the strategic alternatives available related to the bank’s credit card operations that are provided through external distribution channels.

The operations that have been reviewed are organized in a separate unit in DNB Finans called Cards External Channels, which distributes credit cards under the Cresco brand, along with other credit and loyalty cards. One of the potential outcomes was a sale of all or parts of the operations to an external party. The assessment has been carried out, and DNB has concluded to keep the operations within the group. As an extension of the initial assessment, additional efforts will be initiated to further develop the business under its current DNB ownership.

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Contact persons:

Thomas Midteide, group executive vice president, Corporate Communications, tel.: + 47 962 32 017

Rune Helland, Head of Investor Relations, tel: +47 977 13 250

Amra Koluder, IR, tel: +47 977 35 378

This information is subject to the disclosure requirements according to Section 5-12 of the Norwegian Securities Trading Act.

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