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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.

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.

Enclosed is the proposal from the Board of Directors in DnB http://www.newsweb.no/index.asp?melding_ID=90723 NOR Bank ASA for the annual report and accounts for 2003 for Den norske Bank ASA and Union Bank of Norway ASA as well as auditor's reports for both companies. Attachments on newsweb.no.

The DnB NOR Group's annual report for 2003 has been http://www.newsweb.no/index.asp?melding_ID=90847 published on www.newsweb.no The report will also be available on www.dnbnor.com, under 'Financial information'.

Capital increase after exercise of independent subscription http://www.newsweb.no/index.asp?melding_ID=91017 rights On 27 April 2000, the Annual General Meeting in the former DnB Holding ASA decided to issue independent subscription rights to employees in the former DnB Group, with a maturity up till 15 March 2005. The rights entitle holders to demand the issue of shares in DnB NOR ASA at the exercise price of NOK 32.83 per share. On 27 April 2000, the Annual General Meeting in the former DnB Holding ASA decided to issue independent subscription rights to employees in the former DnB Group, with a maturity up till 15 March 2005. The rights entitle holders to demand the issue of shares in DnB NOR ASA at the exercise price of NOK 32.83 per share. One of the terms for exercising the subscription rights is that the return on the DnB NOR share at least equals the average return for a selection of comparable Nordic financial institutions. This condition was fulfilled in both 2003 and 2004. As a consequence of the employees exercising their subscription rights in 2004, the share capital in DnB NOR ASA has been increased by NOK 129,299,070 through the issue of 12,929,907 new shares, an increase of 0.98 per cent. Share capital now totals NOK 13,219,571,140, divided into 1,321,957,114 shares. The capital increase has been registered with the Register of Business Enterprises. Oslo Børs has received certificate of registration.

DNB NOR ANNOUNCES SALE OF ELCON TO SANTANDER Consumer http://www.newsweb.no/index.asp?melding_ID=91144 Finance DnB NOR Bank ASA announces that it has entered into an agreement with Santander Consumer Finance, a subsidiary of the leading Spanish banking group Grupo Santander, for the sale of ELCON Finans AS. DnB NOR will receive a total consideration of approximately NOK 3,600 million, which includes profits generated by ELCON in 2004 until the transaction is completed. (Expected within three months.) DnB NOR Bank ASA announces that is has entered into an agreement with Santander Consumer Finance, a subsidiary of the leading Spanish banking group Grupo Santander, for the sale of ELCON Finans AS. DnB NOR will receive a total consideration of approximately NOK 3,600 million, which includes profits generated by ELCON in 2004 until the transaction is completed. (Expected within three months.) ELCON is a leading Scandinavian finance company with operations in Norway, Sweden and Denmark. In 2003 ELCON reported profits after tax of NOK 259 million. At 31 December 2003 shareholders' equity stood at NOK 2,270 million and total assets at NOK 28,365 million. DnB NOR will continue to offer its customers market leading asset finance and factoring solutions through DnB NOR Finans. The sale of ELCON satisfies one of the major requirements set out by the Norwegian Competition Authority in its approval of the DnB NOR merger. The transaction represents a key milestone in the integration of DnB NOR. The exclusion of Elcon Finans from DnB NOR's consolidated balance sheet will improve the Group's tier 1 capital ratio by approximately 0.3 percentage points, not including the capital gain. The capital gain of approximately NOK 1,000 million will fully offset DnB NOR's first-quarter merger- related restructuring charge. The transaction is subject to regulatory approvals in Norway and Spain. DnB NOR was advised by JPMorgan and DnB NOR Markets, and Santander was advised by Alfred Berg ABN Amro. For further information: DnB NOR Geir Bergvoll, executive vice president Phone: +4722948232 Mobile: +4791315485

Shareholders in DnB NOR ASA are invited to attend the http://www.newsweb.no/index.asp?melding_ID=91298 Annual General Meeting to be held at 6.00 pm on Tuesday, 27 April 2004 at the Hotel Bristol, Kristian IV's gt 7, Oslo, Norway. Please find attached on www.newsweb.no Notice of Annual General Meeting DnB NOR ASA.

The Annual General Meeting of DnB NOR ASA will be moved to http://www.newsweb.no/index.asp?melding_ID=91610 29 April 2004 at 2.00 pm. Due to an error on the part of one of DnB NOR ASA's subcontractors, Posten Norge AS, the notice of the General Meeting was not distributed in time to hold the Annual General Meeting on 27 April 2004. The Annual General Meeting of DnB NOR ASA will be moved to 29 April 2004 at 2.00 pm. Due to an error on the part of one of DnB NOR ASA's subcontractors, Posten Norge AS, the notice of the General Meeting was not distributed in time to hold the Annual General Meeting on 27 April 2004. To fulfil the requirement in Section 5-10 of the Norwegian Public Limited Companies Act regarding the deadline for sending the notice, shareholders in DnB NOR ASA are invited to attend the Annual General Meeting to be held on Thursday, 29 April 2004 at 2.00 pm at the Hotel Bristol, Kristian IV's gt 7, Oslo. Enclosed on www.newsweb.no is the new notice of the Annual General Meeting in DnB NOR ASA and the notice presented earlier. We regret that it has not been possible to prepare a completely new notice, including new registration and proxy forms. However, this was not feasible due to the time element and the requirement in the Articles of Association to hold the General Meeting by the end of April. Shareholders are thus asked to disregard the date and time set in the notice, annual report, registration and proxy forms presented earlier. Registration and proxy forms with the original date for the General Meeting will be accepted. The items on the agenda and details on the items are presented in the notice presented earlier. Please note that the Board of Directors will propose two minor changes in item 5 in consequence of the postponement of the General Meeting. The changes imply that dividends will be distributed to registered shareholders as at 29 April 2004 and that the shares in DnB NOR ASA will be quoted ex- dividend on 30 April 2004.