DNBNOR - NOTIFICATION FROM FOX-PITT, KELTON LTD.

Oslo Børs has received the following notification from Fox-Pitt, Kelton Ltd. Gjensidige NOR Forsikring considers to sell shares in DnB NOR ASA Not for distribution in the United States, Canada, Australia, South Africa or Japan Gjensidige NOR Forsikring (`GNF`) has appointed Citigroup to place 41 million shares in DnB NOR ASA. If completed, the sale will reduce GNF`s holding of DnB NOR shares to approximately 2.2 %. The price achieved by GNF will depend on the outcome of a bookbuilding process carried out by Citigroup starting today. The closing price of DnB NOR ASA on the Oslo Stock Exchange on Thursday 24 February was NOK 63.00 per share. Fox-Pitt, Kelton has been the financial adviser to GNF in planning this transaction. This document does not constitute an offer of securities for sale in the United States. The securities may not be offered or sold in the United States absent registration or an exemption from registration under the US Securities Act of 1933. The securities have not been and will not be registered under the US Securities Act of 1933