NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, IN WHOLE OR IN PART, DIRECTLY OR
INDIRECTLY, INTO OR WITHIN CANADA, AUSTRALIA, NEW ZEALAND, SOUTH-AFRICA, HONG
KONG, JAPAN OR ANY OTHER JURISDICTION IN WHICH THE DISTRIBUTION OR RELEASE WOULD
BE UNLAWFUL
Oslo, 16 April 2021 - Reference is made to the announcement on 15 April 2021
that DNB ASA's wholly owned subsidiary DNB Bank ASA ("DNB") had reached an
agreement with Sbanken ASA ("Sbanken" or the "Company") to launch a recommended
voluntary cash tender offer (the "Offer") for 100% of the shares of the Company
for NOK 103.85 per share.
DNB has today purchased 2,096,165 shares in the Company and consequently owns
10,103,363 shares in the Company, representing 9.5% of the outstanding shares
and votes in the Company. As a result of the share purchases made since
announcement of the Offer, the level of pre-acceptances from shareholders of the
Company for the Offer is now 25.0% of the outstanding shares in the Company, on
the terms described in the announcement from DNB on 15 April 2021 in connection
with the Offer.
Contacts
Rune Helland, Head of Investor Relations, telephone +47 97 71 32 50
Media contact: Thomas Midteide, GEVP Communications & Sustainability: +47 96 23
20 17