DNBNOR - ANNUAL GENERAL MEETING

The Annual General Meeting in DnB NOR ASA on 25 April 2006 approved the Board of Directors` proposal for the 2005 annual report and accounts, including the distribution of a dividend for 2005 of NOK 3.50 per share to registered shareholders as at 25 April 2006, to be distributed as from 8 May 2006. The Annual General Meeting in DnB NOR ASA on 25 April 2006 approved the Board of Directors` proposal for the 2005 annual report and accounts, including the distribution of a dividend for 2005 of NOK 3.50 per share to registered shareholders as at 25 April 2006, to be distributed as from 8 May 2006. The Annual General Meeting authorised the Board of Directors of DnB NOR ASA to acquire own shares for a total face value of up to NOK 1,336,874,898, corresponding to 10 per cent of share capital. The shares may be purchased through the stock market or through a general offer to shareholders owning less than a round lot (100 shares). Each share may be purchased at prices between NOK 10 and NOK 125. The authorisation will be valid for a period of 12 months from 25 April 2006. Acquired shares shall be sold in accordance with regulations on the reduction of capital. An agreement has been signed with the Ministry of Trade and Industry for the redemption of a proportional share of government holdings to ensure that the government`s percentage ownership does not change as a result of the redemption of repurchased shares. The General Meeting approved the amendment to Article 7-3, item 3, second paragraph of the Articles of Association, proposed by the Board of Directors, regarding the election of Control Committee members.