DNBNOR - CAPITAL INCREASE REGISTERED

As a consequence of the employees exercising their subscription rights in 2004 (cf. statement dated 21 October 2004), the share capital in DnB NOR ASA has been increased by NOK 51,814,080 through the issue of 5,181,408 new shares, an increase of 0.39 per cent. The share capital now totals NOK 13,271,385,220, divided into 1,327,138,522 shares. As a consequence of the employees exercising their subscription rights in 2004 (cf. statement dated 21 October 2004), the share capital in DnB NOR ASA has been increased by NOK 51,814,080 through the issue of 5,181,408 new shares, an increase of 0.39 per cent. The share capital now totals NOK 13,271,385,220, divided into 1,327,138,522 shares. The capital increase has been registered with the Register of Business Enterprises. Oslo Børs has received the company certificate.