Board of Directors of DnB NOR Bank ASA

At a meeting of the Supervisory Board on 18 June 2008, DnB NOR Bank ASA re-elected the following members of the Board of Directors: Kari Lotsberg, Bent Pedersen and Ingjerd Skjeldrum. Anne Carine Tanum and Kai Nyland were elected new board members. Jorunn Løvås was re-elected as a deputy by the employees. Anne Carine Tanum was elected new board chairman and Bent Pedersen was re-elected vice-chairman. The term of office is one year for Kai Nyland and up to two years for the other members. The Board of Directors now consists of the following members: Per Hoffmann, Oslo (employee) Kari Lotsberg, Sweden Kai Nyland, Hamar Bent Pedersen, Denmark Torill Rambjør, Tjøme Ingjerd Skjeldrum, Drammen (employee) Anne Carine Tanum, Rømskog and the following deputies elected by the employees: Sverre Finstad, Moelv Jorunn Løvås, Bergen