DnB NORD
Since 2005, DnB NOR Bank ASA (DnB NOR) and Norddeutsche Landesbank Girozentrale (NORD L/B) have owned 51 per cent and 49 per cent, respectively, of Bank DnB NORD A/S. Bank DnB NORD A/S has subsidiary banks in Latvia, Lithuania and Poland.DnB NOR has today, on 14 July 2010, pursuant to the shareholder agreement, notified NORD L/B that DnB NOR reserves the right to exercise its option to acquire NORD L/B’s 49 per cent ownership interest in Bank DnB NORD A/S. If DnB NOR chooses to exercise its option, this must take place between 1 and 30 August 2010. After DnB NOR has exercised its option,