DNBNOR - INCORPORATION OF HYPOTEK IMPLEMENTED

The merger between DnB NOR Bank ASA as the acquiring company and DnB NOR Hypotek AS as the acquired company entered into force on 28 October 2006. The merger has been implemented pursuant to Section 13-24 of the Public Limited Companies Act, as a merger between a parent company and a wholly-owned subsidiary. The background for the transaction is DnB NOR`s desire to coordinate expertise on commercial property financing in the bank.