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DNB is Norway's largest financial services group and offers financial products and services, including loans and deposits, mutual funds and asset management, life insurance and pension savings, payment and financing services, real estate broking and services related to the money and capital markets.

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DnB NOR: Share capital increase registered

NOT FOR DISTRIBUTION, DIRECTLY OR INDIRECTLY, IN OR INTO THE UNITED STATES, CANADA, AUSTRALIA, SINGAPORE, SOUTH AFRICA, SWITZERLAND, JAPAN OR HONG KONG Reference is made to the stock exchange notice published by DnB NOR ASA on 14 December 2009. The share capital increase pertaining to the rights issue resolved by the general meeting of DnB NOR ASA on 19 November 2009 has now been registered with the Norwegian Register of Business Enterprises and the rights issue has hence been completed. The new share capital of DnB NOR ASA is NOK 16,287,988,610 divided into 1,628,798,861 shares, each with

DnB NOR: Final result of rights issue

NOT FOR DISTRIBUTION, DIRECTLY OR INDIRECTLY, IN OR INTO THE UNITED STATES, CANADA, AUSTRALIA, SINGAPORE, SOUTH AFRICA, SWITZERLAND, JAPAN OR HONG KONG The subscription period in the rights issue in DnB NOR ASA (“DnB NOR” or the “Company”) expired at 17:30 (CET) on 10 December 2009. At the end of the subscription period, DnB NOR had received subscriptions for a total of 414,381,046 new shares. 296,145,246 new shares were offered, and the rights issue was consequently oversubscribed by approximately 39.9 per cent. Approximately 99.4 per cent of the new shares on offer (approximately 294.3

DnB NOR: Rights issue oversubscribed

NOT FOR DISTRIBUTION, DIRECTLY OR INDIRECTLY, IN OR INTO THE UNITED STATES, CANADA, AUSTRALIA, SINGAPORE, SOUTH AFRICA, SWITZERLAND, JAPAN OR HONG KONG The subscription period in DnB NOR ASA’s rights issue expired at 17:30 (CET) on 10 December 2009. Preliminary counting indicates that DnB NOR ASA had received subscriptions for approximately 414.4 million new shares at the end of the subscription period. 296,145,246 new shares were offered, and the rights issue has consequently been oversubscribed by approximately 39.9 per cent. The final allocation of the shares offered in the rights issue

DNB NOR: EXPIRY OF SUBSCRIPTION PERIOD IN RIGHTS ISSUE

NOT FOR DISTRIBUTION, DIRECTLY OR INDIRECTLY, IN OR INTO THE UNITED STATES, CANADA, AUSTRALIA, SINGAPORE, SOUTH AFRICA, SWITZERLAND, JAPAN OR HONG KONG The subscription period in DnB NOR ASA’s rights issue expires at 17:30 (CET) on 10 December 2009. Subscription rights issued in the rights issue must be used to subscribe for new shares in DnB NOR ASA before the expiry of the subscription period. Subscription rights that are not exercised will have no value and will lapse without compensation to the holder. Holders of subscription rights (whether granted or acquired) must, in order to

The Board of Directors of DnB NOR ASA (DnB NOR) proposes terms for the rights issue – subscription price NOK 47.30 per ordinary share

NOT FOR DISTRIBUTION, DIRECTLY OR INDIRECTLY, IN OR INTO THE UNITED STATES, AUSTRALIA, CANADA, SINGAPORE, SOUTH AFRICA, SWITZERLAND, JAPAN OR HONG KONG The terms are subject to approval on the Extraordinary General Meeting to be held on 19 November 2009 at 10:00 (CET): - The share capital of DnB NOR will be increased by NOK 2,961,452,460 through an issue of 296,145,246 new shares. - The subscription price will be NOK 47.30 per share (this represents an implied discount to the Theoretical Ex-Rights Price of approximately 26.7 per cent). - Shareholders who are registered in the Company’s

Fully underwritten rights issue of NOK 14 billion to strengthen Tier 1 capital in DnB NOR

The Board of DnB NOR proposes to strengthen its equity capital base by NOK 14 billion through an issue of ordinary shares with pre-emptive subscription rights for existing shareholders (the "Rights Issue"). The Rights Issue is supported by DnB NOR's largest shareholders and underwritten by a syndicate of banks. After completion of the Rights Issue, the Tier 1 ratio will increase to 11.3 %*.DnB NOR chose not to raise capital during the most turbulent period in the financial markets earlier this year. Estimates for loan-loss provisions and operating profits for 2009 and 2010 remain unchanged.

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