DNBNOR - DNB NORD GIVEN THE GREEN LIGHT IN DENMARK

On 6 December 2005, the Danish Financial Supervisory Authority (Finanstilsynet) granted Bank DnB NORD A/S permission to engage in banking operations in Denmark. Complete statement on www.newsweb.no On 6 December 2005, the Danish Financial Supervisory Authority (Finanstilsynet) granted Bank DnB NORD A/S permission to engage in banking operations in Denmark. This is a further step in the process towards the establishment of DnB NORD. DnB NOR will establish DnB NORD in cooperation with the German financial services group NORD/LB. The two groups will own 51 and 49 per cent respectively of the new company, which will offer banking services in Finland, Denmark, Lithuania, Latvia, Estonia and Poland. The company`s head office will be located in Denmark and the intention is to start operations on 1 January 2006. Corresponding permissions are required from Norwegian and Polish authorities.