Capital reduction completed

In accordance with the purpose of the buy-back programme carried out by DNB Bank
ASA from 9 February 2023 to 10 March 2023, the company's annual general meeting
held on 25 April 2023 decided to reduce the company's share capital with NOK
96,897,725, from NOK 19,379,562,762.50 to NOK 19,282,665,037.50, by deletion or
redemption of a total of 7,751,818 shares.

The capital reduction was filed with the Norwegian Register of Business
Enterprises on 6 May 2023. The creditor notice period of six weeks has now
expired, and the capital reduction has been completed in accordance with the
resolution from the annual general meeting.

The new share capital of DNB ASA is NOK 19,282,665,037.50 divided between
1,542,613,203 shares of NOK 12.50 each.

For further information, please contact Rune Helland, head of Investor
Relations, tel. (+47) 23 26 84 00 / (+47) 977 13 250