DNB Group: Basis swap impact in second quarter 2014

In the second quarter of 2014, the DNB Group will record a positive effect of basis swaps connected to funding of approximately NOK 33 million.

In the second quarter of 2013, there was a negative effect of basis swaps of NOK 88 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:
Per Sagbakken: +47 23268400
Jan Erik Gjerland: +47 23268408

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

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