DnB NOR Bank ASA

Financial highlights

Third quarter 2008
· Pre-tax operating profits before write-downs were NOK 4.4 billion (3.7)
· Profit for the period was NOK 2.8 billion (3.7)
· Return on equity was 15.5 per cent (21.8)
· Earnings per share were NOK 2.12 (2.72)
· The cost/income ratio was 50.6 per cent (51.3)
· The core capital ratio, including 50 per cent of interim profits, was 6.7 per cent (7.2)

January through September 2008
· Pre-tax operating profits before write-downs were NOK 10.5 billion (11.5)
· Profit for the period was NOK 7.3 billion (9.9)
· Return on equity was 13.0 per cent (19.8)
· Earnings per share were NOK 5.39 (7.32)
· The cost/income ratio was 55.6 per cent (50.1)

Bjørn Sund, board member in DnB NOR, has 14.11..2008 through his 100% owned company, Bjørn Sund Invest AS, org.nr. 989124137, bought 10 000 shares in DnBNor at a share price of NOK 29,90. After this transaction Bjørn Sund Invest owns 25524 shares in DnBNor ASA.

Sverre Finstad, 'assist member off the board in DnB NOR' bought 2200 shares in DnB NOR ASA at a price of NOK 21,40 After this transaction Sverre Finstad ovns 5778 shares in DnB NOR ASA

DnB NOR is aware that there are rumours and claims in the market concerning the quality of the bank's portfolio of shipping loans. DnB NOR has a global shipping portfolio consisting of loans to the leading industrial players in this industry. These clients are characterised by extensive resources, a high level of fixed contracts on their vessels, strong equity and healthy liquid reserves. The credit quality of DnB NOR's shipping portfolio, measured in terms of expected losses, is better than the average for the overall corporate market portfolio. In order to give the market further insight into the situation, a web meeting will be held for investors and analysts on Monday, 24 November 2008 at 2:00 pm CET, where senior executives in the Shipping Division will answer questions sent in related to the portfolio. A presentation will be available on the Group's web page dnbnor.com no later than 12 noon CET on Friday, 21 November to provide background information prior to the meeting. At the same time, details regarding the web meeting will also be presented. DnB NOR would like to emphasise, in line with what was communicated in the report for the third quarter of 2008, that the bank is well capitalised and that the Group's plan for strengthening core capital remains unchanged. The plan is based on the assumption that no share issue will be required. For further information, please contact: Bjørn Erik Næss, CFO Per Sagbakken, executive vice president, IR/Long-term Funding Trond Bentestuen, group executive vice president, Corporate Communications This announcement was originally distributed by Hugin. The issuer is solely responsible for the content of this announcement.

On Thursday, 26 March 2009, the DnB NOR Group will arrange a Capital Markets Day in London. Further information about the agenda and practical details will be presented later. This announcement was originally distributed by Hugin. The issuer is solely responsible for the content of this announcement.

Based on recent speculation relating to potential losses in DnB NOR's loan portfolio, DnB NOR would like to make the following clarification: As previously announced, the Group will present results for the fourth quarter and full year 2008 on 12 February 2009. DnB NOR has previously indicated that pre-tax operating profits before write-downs will total approximately NOK 15 billion for 2008. There is reason to believe that profits will be well above this. Income for the fourth quarter has increased considerably, costs are under control, while write-downs on loans have risen. The most pronounced increase in write-downs is taking place in DnB NORD's Danish property portfolio and in parts of the Norwegian SME portfolio. Losses are expected to total approximately NOK 2-2.5 billion in the fourth quarter, which represents 0.70-0.80 per cent on an annual basis. In spite of the write-downs, profits after write-downs and taxes are expected to be just over NOK 2 billion in the fourth quarter. There is some uncertainty associated with the future level of loan losses. DnB NOR's anticipated underlying earnings are sound and are expected, in spite of the high level of losses, to generate net profits and thus an increase in equity. DnB NOR is thus keeping to its plan to strengthen the core capital ratio without raising new equity. Contact persons: Bjørn Erik Næss, CFO Trond Bentestuen, group executive vice president, Corporate Communications Per Sagbakken, executive vice president, IR/Long-term Funding This announcement was originally distributed by Hugin. The issuer is solely responsible for the content of this announcement.

Vital Forsikring ASA