During week 48 2019, DNB has purchased 1 107 000 own shares at an average price of NOK 162.95 per share. After this, DNB ASA owns a total of 5 762 000 own shares.

The repurchase of shares is part of the share buy-back programme announced by DNB ASA on 24 October 2019, as subsequently amended by an announcement on 20 November 2019. The share buy-back programme comprises up to approximately 15.8 million shares, of which up to approximately 10.4 million shares may be repurchased in the open market. The rest will be redeemed from the state of Norway on a proportionate basis, subject to approval from DNB ASA's annual general meeting in 2020, so that its current ownership interest of 34.00% will remain unaffected following completion of the buy-back programme.

For further information about the share buy-back programme, DNB ASA refers to the Oslo Stock Exchange notifications made on 24 October and 20 November 2019 (available from www.newsweb.no).

This information is subject to the disclosure requirements according to Section 5-12 of the Norwegian Securities Trading Act.

During week 49 2019, DNB has purchased 1 496 000 own shares at an average price of NOK 153.69 per share. After this, DNB ASA owns a total of 7 258 000 own shares.

The repurchase of shares is part of the share buy-back programme announced by DNB ASA on 24 October 2019, as subsequently amended by an announcement on 20 November 2019. The share buy-back programme comprises up to approximately 15.8 million shares, of which up to approximately 10.4 million shares may be repurchased in the open market. The rest will be redeemed from the state of Norway on a proportionate basis, subject to approval from DNB ASA's annual general meeting in 2020, so that its current ownership interest of 34.00% will remain unaffected following completion of the buy-back programme.

For further information about the share buy-back programme, DNB ASA refers to the Oslo Stock Exchange notifications made on 24 October and 20 November 2019 (available from www.newsweb.no).

This information is subject to the disclosure requirements according to Section 5-12 of the Norwegian Securities Trading Act.

On 11 December, the Norwegian Ministry of Finance announced amendments to the capital requirements for Norwegian banks that will be implemented 31 December 2020. Compared with the consultation paper, the systemic risk buffer has been changed for countries outside the European Economic Area. For countries that do not have systemic risk buffer requirements, the rate is set to zero instead of previously proposed Norwegian buffer rate. Based on DNB's portfolio as at the third quarter of 2019, the effective systemic risk buffer requirement will be approximately 3.1 per cent compared with the previous estimate of 3.9 per cent.

The Ministry of Finance has stated that the purpose of the amendment is to maintain the solidity of Norwegian banks following the implementation of the EU legislation (CRR/CRD IV) on 31 December 2019. The Ministry of Finance has, in this regard, asked Finanstilsynet (the Financial Supervisory Authority of Norway) to review the connection between Pillar 1 and Pillar 2, including the Pillar 2 guidance. Based on this, DNB will for now not make any changes to the previously communicated capital target of 17.9 per cent (CET1).

During week 50 2019, DNB ASA has purchased 992 000 own shares at an average price of NOK 154.75 per share. After this, DNB ASA owns a total of 8 250 000 own shares.

The repurchase of shares is part of the share buy-back programme announced by DNB ASA on 24 October 2019, as subsequently amended by an announcement on 20 November and 12 December 2019. The share buy-back programme comprises up to approximately 23.7 million shares, of which up to approximately 15.6 million shares may be repurchased in the open market. The rest will be redeemed from the state of Norway on a proportionate basis, subject to approval from DNB ASA's annual general meeting in 2020, so that its current ownership interest of 34.00% will remain unaffected following completion of the buy-back programme.

For further information about the share buy-back programme, DNB ASA refers to the Oslo Stock Exchange notifications made on 24 October, 20 November and 12 December 2019 (available from www.newsweb.no).

This information is subject to the disclosure requirements according to Section 5-12 of the Norwegian Securities Trading Act.

During week 51 2019, DNB ASA has purchased 1 179 000 own shares at an average price of NOK 159.11 per share. After this, DNB ASA owns a total of 9 429 000 own shares.

The repurchase of shares is part of the share buy-back programme announced by DNB ASA on 24 October 2019, as subsequently amended by an announcement on 20 November and 12 December 2019. The share buy-back programme comprises up to approximately 23.7 million shares, of which up to approximately 15.6 million shares may be repurchased in the open market. The rest will be redeemed from the state of Norway on a proportionate basis, subject to approval from DNB ASA's annual general meeting in 2020, so that its current ownership interest of 34.00% will remain unaffected following completion of the buy-back programme.

For further information about the share buy-back programme, DNB ASA refers to the Oslo Stock Exchange notifications made on 24 October, 20 November and 12 December 2019 (available from www.newsweb.no).

This information is subject to the disclosure requirements according to Section 5-12 of the Norwegian Securities Trading Act.

Further to today's announcement from the Norwegian Financial Supervisory Authority (the "FSA"), DNB ASA has received minimum requirement for own funds and eligible liabilities (the "MREL requirement").

DNB ASA shall hold total MREL capital equal to 36.7 percent of its adjusted risk weighted assets based on the balance per 31 December 2018, which leads to a need for eligible debt of NOK 157 billion. This is in line with the previously communicated expectation of approximately NOK 150 billion. The MREL requirement will vary over time based on changes in risk weighted assets and capital requirements.

The minimum MREL requirement shall be met per 30 June 2020. Senior preferred debt issued by DNB Bank ASA per 31 December 2019, with a minimum remaining tenor of one year, will qualify as MREL capital until 31 December 2022. As of 31 December 2019, outstanding senior preferred debt with a minimum remaining tenor of one year amounts to NOK 178 billion. 

The FSA requires the MREL eligible debt to be issued by DNB ASA (the holding company of the DNB Group) to third party investors. Relevant group units, including DNB Bank ASA, shall issue internal MREL eligible debt to DNB ASA in order to establish an adequate loss absorbing mechanism in the group. The requirement regarding structural subordination shall be met within 31 December 2022.              

DNB has, however, initiated a process to merge DNB ASA and DNB Bank ASA, making DNB Bank ASA the ultimate parent company of the DNB Group. The intention of the merger, which requires permission from the Norwegian Ministry of Finance, is to enable DNB to issue non-preferred senior debt from DNB Bank ASA.  

DNB ASA is required to deliver a plan to the FSA on how to fulfill the MREL requirement within 31 March 2020.

This information is subject to the disclosure requirements pursuant to Section 5-12 the Norwegian Securities Trading Act.

During week 52 2019, DNB ASA has purchased 190 000 own shares at an average price of NOK 163.16 per share. After this, DNB ASA owns a total of 9 619 000 own shares.

The repurchase of shares is part of the share buy-back programme announced by DNB ASA on 24 October 2019, as subsequently amended by an announcement on 20 November and 12 December 2019. The share buy-back programme comprises up to approximately 23.7 million shares, of which up to approximately 15.6 million shares may be repurchased in the open market. The rest will be redeemed from the state of Norway on a proportionate basis, subject to approval from DNB ASA's annual general meeting in 2020, so that its current ownership interest of 34.00% will remain unaffected following completion of the buy-back programme.

For further information about the share buy-back programme, DNB ASA refers to the Oslo Stock Exchange notifications made on 24 October, 20 November and 12 December 2019 (available from www.newsweb.no).

This information is subject to the disclosure requirements according to Section 5-12 of the Norwegian Securities Trading Act.

In the fourth quarter of 2020, the DNB Group will recognise a negative effect of NOK 155 million from basis swaps connected to funding. Furthermore, a negative effect of NOK 1 508 million from the USD Additional Tier 1 capital will also be recognised.

For further information, please contact:

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

This information is subject to the disclosure requirements according to Section 5-12 of the Norwegian Securities Trading Act.

DNB will publish its results for the fourth quarter of 2020 on Wednesday, 10 February 2021 at 07.30 CET.

The fourth quarter results will be presented at 9:30-11:30 CET the same day, at an extended presentation which will also include an update on dividends, strategic topics, status on financial ambitions, and presentations from the customer segments. The event will be webcasted, and it will be possible to ask questions online. Link to webcast will be made available at ir.dnb.no.

Agenda:

• Kjerstin Braathen (CEO)
• Ottar Ertzeid (CFO)
• Harald Serck-Hanssen (Group EVP Corporate Banking)
• Ingjerd Blekeli Spiten (Group EVP Personal Banking)
• Q&A

A conference call for analysts and investors will be held at 13:30 CET.

Call in details: 
Norway +47 21 56 33 18, UK Wide +44 (0) 33 0551 0200, US +1 212 999 6659. Password: DNB Q4. Please join the call 5 minutes early to allow the operator to transfer you into the call by the scheduled start time.

The phone conference (listen-only mode) and a recording of this will be available on the Investor Relations pages at ir.dnb.no.

For further information:

Investor contacts:
Rune Helland, head of Investor Relations, tel. (+47) 23 26 84 00 / (+47) 977 13 250
Anne Engebretsen, Senior Advisor, tel. (+47) 452 24 374

Media contacts:
Thomas Midteide, Group EVP Communications, tel. (+47) 962 32 017

This information is subject to the disclosure requirements according to Section 5-12 of the Norwegian Securities Trading Act.

DNB will publish its results for the fourth quarter of 2020 on Wednesday, 10 February 2021 at 07.30 CET. The fourth quarter results will be presented at 9:30-11:30 CET the same day, at an extended presentation which will also include an update on dividends, strategic topics, status on financial ambitions, and presentations from the customer segments. The event will be webcasted, and it will be possible to ask questions online. Link to webcast will be made available at ir.dnb.no.

Agenda:

• Kjerstin Braathen (CEO)
• Ottar Ertzeid (CFO)
• Harald Serck-Hanssen (Group EVP Corporate Banking)
• Ingjerd Blekeli Spiten (Group EVP Personal Banking)
• Q&A

A conference call for analysts and investors will be held at 13:30 CET.

Call in details: Norway +47 21 56 33 18, UK Wide +44 (0) 33 0551 0200, US +1 212 999 6659. Password: DNB Q4. Please join the call 5 minutes early to allow the operator to transfer you into the call by the scheduled start time.

The phone conference (listen-only mode) and a recording of this will be available on the Investor Relations pages at ir.dnb.no.