DnB NOR has now selected the premises for its future branch http://www.newsweb.no/index.asp?melding_ID=91697 offices. The coordination of the branches will start in September 2004 and be completed in the summer of 2005. As stipulated by the Norwegian Competition Authority, 53 premises currently used as branch offices will be placed on the open market for sale or rent within 1 January 2006. DnB NOR has now selected the premises for its future branch offices. The coordination of the branches will start in September 2004 and be completed in the summer of 2005. As stipulated by the Norwegian Competition Authority, 53 premises currently used as branch offices will be placed on the open market for sale or rent within 1 January 2006. The new local bank DnB NOR Bank's future branches will offer customers a full range of banking services, including financing as well as investment advisory services provided by a highly competent staff. By the summer of 2005, all DnB NOR branch offices will appear in new design. 'DnB NOR aims to be the entire country's local bank, offering a full range of products from the DnB NOR Group. Decisions will be made locally - in close proximity to the customer,' says group executive vice president Åsmund Skår. Available office space will be sold In 53 places throughout the country, DnB and Gjensidige NOR's branch offices are located so close to each other that activities will be coordinated under one roof. A number of factors were taken into consideration in deciding on future offices, including location and market conditions, the size and technical standard of the premises, and whether the premises are owned or rented by the bank. When all of the offices have been combined, DnB NOR will have a total of 215 branch offices and 33 business centres nationwide, a much higher number than either of the two banks had on their own. In addition to the branch offices, customers will be served from 25 investment centres, by telephone and over the Internet. The terms stipulated by the Competition Authority require DnB NOR to sell the available office space to competing banks. The branch offices will be placed on the open market for sale or rent within 1 January 2006.

DnB NOR, Norway's largest financial services group, today http://www.newsweb.no/index.asp?melding_ID=92039 opens a branch office in Helsinki, thus completing DnB NOR's Nordic network for corporate customers. DnB NOR already has offices in Copenhagen and Stockholm. DnB NOR, Norway's largest financial services group, today opens a branch office in Helsinki, thus completing DnB NOR's Nordic network for corporate customers. DnB NOR already has offices in Copenhagen and Stockholm. 'The Group's strategy is to be the best financial partner for Norwegian companies and the preferred partner for international customers doing business in Norway. Parallel to this, we wish to team up with Norwegian companies with operations outside Norway. Finland and Norway have a history of flourishing trade relations. Today, there is mutual cooperation between a large number of companies in both countries. The establishment of DnB NOR in Finland must therefore be seen as a logical step,' says Svein Aaser, group chief executive in DnB NOR, in connection with the opening of the branch office. 'The branch in Finland is a full-service office offering a complete range of day-to-day banking services for corporate customers. DnB NOR in Helsinki will start operations with a core customer and market-oriented staff, which will link customers to DnB NOR's Nordic network. Among other things, DnB NOR is one of the primary providers of cross-border payment services in the Nordic region,' says Vidar Johannesen, head of DnB NOR Finland. DnB NOR is Norway's largest financial services group, with combined total assets of around NOK 1,200 billion (EUR 141.5 billion). The Group has more than two million retail customers, around 150,000 corporate customers and more than 700,000 life insurance customers. DnB NOR's operations are based on more than 180 years' experience as a supplier of financial services in Norway. In addition to Helsinki, Stockholm and Copenhagen, DnB NOR has offices in Hamburg, London, Luxembourg, New York, Singapore, Hong Kong, Shanghai, Beijing, Murmansk, Cairo, Santiago and Rio de Janeiro.

The Annual General Meeting in DnB NOR ASA on 29 April 2004 http://www.newsweb.no/index.asp?melding_ID=92443 approved the Board of Directors' proposal for the 2003 annual report and accounts, including the distribution of a dividend for 2003 of NOK 2.20 per share to registered shareholders as at 29 April 2004, to be distributed as from 14 May 2004. The Annual General Meeting authorised the Board of Directors of DnB NOR ASA 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. After the Board presented its proposal, the share capital has been increased to NOK 13 219 571 140, which means that the authorisation represents 9.9 per cent of the 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 today's date. 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 General Meeting approved the amendments to the Articles of Association proposed by the Board of Directors.

The shares in DnB NOR ASA will be traded ex dividend http://www.newsweb.no/index.asp?melding_ID=92471 NOK 2.20 as from today, 30.04.2004.

Supplementary Information for Investors and Analysts

First quarter 2004

Vital Forsikring ASA

DnB NOR Bank ASA

The first quarter report for DnB NOR Bank ASA can be found http://www.newsweb.no/index.asp?melding_ID=92803 on www.newsweb.no

· First-quarter profits up close to 50 per cent to NOK 1.5 http://www.newsweb.no/index.asp?melding_ID=92798 billion (NOK 1.0 billion in the first quarter last year) · Earnings per share: NOK 1.16 (NOK 0.78) · Return on equity before goodwill amortisation: 15.6 per cent (11.7) · Total income: NOK 6 476 million, of which NOK 977 million represented gains on the sale of Elcon Finans (NOK 5 174 million) Attachment on www.newsweb.no · First-quarter profits up close to 50 per cent to NOK 1.5 billion (NOK 1.0 billion in the first quarter last year) · Earnings per share: NOK 1.16 (NOK 0.78) · Return on equity before goodwill amortisation: 15.6 per cent (11.7) · Total income: NOK 6 476 million, of which NOK 977 million represented gains on the sale of Elcon Finans (NOK 5 174 million) · Operating expenses: NOK 4 278 million, of which NOK 930 million in restructuring provisions (NOK 3 327 million) · Loan losses: NOK 135 million (NOK 449 million) · Core capital ratio, including 50 per cent of profits for the quarter: 7.1 per cent (6.6) 'I am very satisfied with the new group's first quarter of operations,' says group chief executive Svein Aaser. 'We have recorded sound profits, the merger process is on schedule, and we are fulfilling the requirements set by the Norwegian authorities when granting the concession.' 'Work is progressing well throughout the Group and I commend our staff for their impressive efforts. I am pleased to note that income has gone up from the first quarter last year, while net interest income has been maintained at the fourth-quarter level despite pressure from declining interest rate levels. Losses are low, which confirms the healthy trend for the new group. Total cost savings resulting from the merger amount to NOK 170 million, of which NOK 77 million refers to the first quarter of 2004. The number of full-time positions was reduced by 329 during the quarter. The full effect of these staff cuts on cost savings will be realised later in the year,' says Svein Aaser. The first quarter report, including tables, can be downloaded from www.dnbnor.com Press release, first quarter report, presentation and Supplementary Information for Investors and Analysts can be found on www.newsweb.no.

DnB NOR has signed an agreement with Forsikringsselskabet http://www.newsweb.no/index.asp?melding_ID=93740 Danica on the sale of Gjensidige NOR Fondsforsikring AS. Danica is a subsidiary of Danske Bank. DnB NOR has signed an agreement with Forsikringsselskabet Danica on the sale of Gjensidige NOR Fondsforsikring AS. Danica is a subsidiary of Danske Bank. The sale will have no significant impact on DnB NOR's financial performance. The transaction is subject to concessions from Norwegian and Danish authorities. Through the sale of Gjensidige NOR Fondsforsikring, DnB NOR will fulfil one more condition set by the Norwegian Competition Authority in connection with the merger between DnB and Gjensidige NOR.