Stock and press releases

The merger between Vital Forsikring ASA and Gjensidige NOR http://www.newsweb.no/index.asp?melding_ID=90147 Spareforsikring ASA, both wholly-owned subsidiaries of DnB NOR ASA, was registered today in the Norwegian Register of Business Enterprises under the name of Vital Forsikring ASA. The merger between Vital Forsikring ASA and Gjensidige NOR Spareforsikring ASA, both wholly-owned subsidiaries of DnB NOR ASA, was registered today in the Norwegian Register of Business Enterprises under the name of Vital Forsikring ASA. Vital Forsikring ASA is the acquiring company in the merger. Gjensidige NOR Spareforsikring ASA's assets, rights and obligations were transferred to Vital Forsikring ASA on the date of registration of the merger in the Register of Business Enterprises.

At the General Meeting to be held on 27 April 2004, the http://www.newsweb.no/index.asp?melding_ID=90108 Board of Directors in DnB NOR ASA will request authorisation to repurchase shares. Pursuant to the authorisation, the Board will be authorised to acquire own shares for a total face value of up to NOK 1 309 027 207, corresponding to 10 per cent of share capital. At the General Meeting to be held on 27 April 2004, the Board of Directors in DnB NOR ASA will request authorisation to repurchase shares. Pursuant to the authorisation, the Board will be authorised to acquire own shares for a total face value of up to NOK 1 309 027 207, corresponding to 10 per cent of share capital. The shares may be purchased through the stock market and/or from the Ministry of Trade and Industry at market price, or through an organised repurchase from private investors or the Ministry of Trade and Industry. Each share may be purchased at prices between NOK 10 and NOK 70. The authorisation is valid for a period of 12 months from 27 April 2004. Acquired shares shall be sold as found appropriate by the Board of Directors, or redeemed following a proposal by the Board of Directors in accordance with regulations on the reduction of capital.

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Den norske Bank ASA

Vital Forsikring ASA

Group executive vice president Frode Helgerud in DnB NOR has been appointed the first head of Sparebankstiftelsen DnB NOR (the Savings Bank Foundation). He will assume his new position on 1 April 2004. As of the same date, Jarl Veggan will take over as head of Corporate Communications in DnB NOR. Veggan held responsibility for the same functions in DnB from 1988. Group executive vice president Frode Helgerud in DnB NOR has been appointed the first head of Sparebankstiftelsen DnB NOR (the Savings Bank Foundation). He will assume his new position on 1 April 2004. As of the same date, Jarl Veggan will take over as head of Corporate Communications in DnB NOR. Veggan held responsibility for the same functions in DnB from 1988. 'The Foundation is important for DnB NOR, both as the Group's second largest shareholder and as a partner,' says group chief executive Svein Aaser. 'I am pleased that the first person to head the Foundation was selected from the management team in DnB NOR. Frode Helgerud and I cooperated closely while working together from the start of the process of merging DnB and Gjensidige NOR , and I am convinced that this good relationship will continue.' 'I am happy that Jarl Veggan has agreed to take over as head of Corporate Communications in DnB NOR. We have worked together for a number of years and I know that Veggan will do an excellent job for DnB NOR as head of Corporate Communications,' says Aaser.