Clarification: DNB Livsforsikring AS – transitional effects from new tax rules

In reference to  yesterdays stock exchange release DNB Livsforsikring AS – transitional effects from new tax rules  we would like to clarify that the accounting effects will have a positive impact on DNB ASAs fourth quarter results for 2018 of about NOK 4 billion, which is recorded as income under tax expenses.

Based on our evaluation and understanding of the new tax rules with appurtenant transitional rules, the transition will result in a tax loss for DNB Livsforsikring. This means that the company will have a tax income of about NOK 4 billion for 2018, not taxable income as previously stated. 

Contact persons:

Rune Helland, head of Investor Relations, tel: +47 977 13 250
Thomas Midteide, group executive vice president, Media & Marketing, tel.: + 47 962 32 017
Anders Skjævestad, CEO DNB Liv, tel.: + 47 934 07 403

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