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DNB Bank ASA – Completion of the merger with Sbanken and transfer of debtor positions under existing bonds

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Reference is made to the previous stock exchange notices published by DNB Bank ASA (“DNB”) with respect to the merger with DNBs wholly owned subsidiary Sbanken ASA (“Sbanken”), including the stock exchange notice dated 10 November 2022, where DNB announced that the Board of Directors of both DNB and Sbanken have approved the merger plan.

The merger has today been registered in the Norwegian Registry of Business Enterprises and is, consequently, effective in accordance with section 13-17, cf. section 13-24 of the Norwegian Public Limited Companies Act.  DNB has assumed all assets, rights and obligations of Sbanken, and Sbanken has simultaneously been dissolved.

The merger has been executed without merger consideration and DNB's share capital remains unaffected.

With effect from today, 2 May 2023, DNB will assume the position as debtor under the following bonds previously issued by Sbanken:

ISIN Ticker Name
NO0011203598 SBANK30 PRO Sbanken ASA 22/32 FRN C SUB
NO0011204125 SBANK31 PRO Sbanken ASA 22/PERP FRN C HYBRID
NO0011087595 SBANK29 PRO Sbanken ASA 21/27 ADJ C
NO0011087587 SBANK28 PRO Sbanken ASA 21/25 FRN C
NO0010920762 SBANK27 PRO Sbanken ASA 21/24 FRN
NO0010895519 SBANK26 PRO Sbanken ASA 20/24 FRN
NO0010891914 SBANK25 PRO Sbanken ASA 20/PERP FRN C HYBRID
NO0010891922 SBANK24 PRO Sbanken ASA 20/30 FRN C SUB
NO0010886757 SBANK23 PRO Sbanken ASA 20/23 FRN
NO0010885205 SBANK22 PRO Sbanken ASA 20/PERP FRN STEP C HYBRID
NO0010885197 SBANK21 PRO Sbanken ASA 20/30 FRN C SUB
NO0010871494 SBANK19 PRO Sbanken ASA 19/PERP FRN C HYBRID
NO0010871502 SBANK18 PRO Sbanken ASA 19/29 FRN C SUB
NO0010847213 SBANK16 PRO Sbanken ASA 19/PERP FRN C HYBRID
NO0010847205 SBANK15 PRO Sbanken ASA 19/29 FRN C SUB

The ticker on the bonds listed above will be amended from SBANK to DNBA.

For further information, please contact:

Rune Helland, Head of Investor Relations, tel.: (+47) 23 26 84 00 / (+47) 97 71 32 50

The information in this statement is subject to the disclosure requirements pursuant to Oslo Stock Exchange’s continuing obligations.

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