Update on the recommended voluntary cash offer by DNB Bank ASA for Sbanken ASA at NOK 103.85 per share
NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, IN WHOLE OR IN PART, DIRECTLY OR INDIRECTLY, INTO OR WITHIN CANADA, AUSTRALIA, NEW ZEALAND, SOUTH-AFRICA, HONG KONG, JAPAN OR ANY OTHER JURISDICTION IN WHICH THE DISTRIBUTION OR RELEASE WOULD BE UNLAWFUL Oslo, 16 April 2021 – Reference is made to the announcement on 15 April 2021 that DNB ASA’s wholly owned subsidiary DNB Bank ASA ("DNB”) had reached an agreement with Sbanken ASA ("Sbanken" or the "Company") to launch a recommended voluntary cash tender offer (the "Offer") for 100% of the shares of the Company for NOK 103.85 per share. DNB