DNB Group: Basis swap impact in first quarter 2015

In the first quarter of 2015, the DNB Group will record a positive effect of basis swaps connected to funding of approximately NOK 1 810 million.

In the first quarter of 2014, there was a negative effect of basis swaps of NOK 596 million.

Basis swaps are derivative contracts entered into in connection with long-term funding in international capital markets where the relevant currency is converted to Norwegian kroner. These swaps are hedging instruments, and over the lifetime of the derivatives the mark-to-market adjustments will have zero effect.

For further information, please contact Investor Relations in DNB:
Jan Erik Gjerland: +47 23268408
Sindre Nikolaisen: +47 23268402

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

This e-mail was sent to you by DNB. To unsubscribe from our mailing list, please send e-mail to: corporate.communications@dnb.no
Visit our website dnb.no.