DNBNOR - NEW MANAGING DIRECTOR OF SPAREBANKSTIFTELSEN DNB NOR

Group executive vice president Frode Helgerud in DnB NOR has been appointed the first head of Sparebankstiftelsen DnB NOR (the Savings Bank Foundation). He will assume his new position on 1 April 2004. As of the same date, Jarl Veggan will take over as head of Corporate Communications in DnB NOR. Veggan held responsibility for the same functions in DnB from 1988. Group executive vice president Frode Helgerud in DnB NOR has been appointed the first head of Sparebankstiftelsen DnB NOR (the Savings Bank Foundation). He will assume his new position on 1 April 2004. As of the same date, Jarl Veggan will take over as head of Corporate Communications in DnB NOR. Veggan held responsibility for the same functions in DnB from 1988. `The Foundation is important for DnB NOR, both as the Group`s second largest shareholder and as a partner,` says group chief executive Svein Aaser. `I am pleased that the first person to head the Foundation was selected from the management team in DnB NOR. Frode Helgerud and I cooperated closely while working together from the start of the process of merging DnB and Gjensidige NOR , and I am convinced that this good relationship will continue.` `I am happy that Jarl Veggan has agreed to take over as head of Corporate Communications in DnB NOR. We have worked together for a number of years and I know that Veggan will do an excellent job for DnB NOR as head of Corporate Communications,` says Aaser.