One-off gain in the fourth quarter due to change in pension scheme

DNB has decided to change its pension scheme from a defined-benefit to a defined-contribution scheme for the majority of its employees in Norway. The change is necessary to adapt to the Norwegian pension reform and the decision has been made in consultation with the employee representatives. The new pension scheme will contribute to reducing future pension commitments. De-recognition of existing pension commitments will give a pre-tax gain of approximately NOK 2 billion in the fourth quarter and reduce pension costs by a corresponding amount.

This will also have a positive effect on CET 1.

For further information, please contact Investor Relations in DNB:
Rune Helland : +47 23268400
Thor Tellefsen : +47 23268404

This information is subject to the disclosure requirements according to Section 5-12 of the Norwegian Securities Trading Act.

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