DNB ASA - Annual General Meeting

The Annual General Meeting in DNB ASA was held on 25 April 2012 in Oslo.

The General Meeting endorsed the Election Committee's proposal for the election of ten members to the Supervisory Board, four members to the Election Committee and one member and one deputy to the Control Committee. The General Meeting also approved the Election Committee's proposal for remuneration rates for the Supervisory Board, Control Committee and Election Committee.

In addition, the Annual General Meeting in DNB ASA approved the Board of Directors' proposal for the 2011 annual report and accounts, including the distribution of a dividend for 2011 of NOK 2.00 per share to registered shareholders as at 25 April 2012, to be distributed as from 7 May 2012. The shares in DNB ASA will be quoted ex-dividend on 26 April 2012.

The General Meeting authorised the Board of Directors of DNB ASA to acquire own shares for a total face value of up to NOK 732,959,487, corresponding to 4.5 per cent of share capital. The shares may be purchased through the stock market. Each share may be purchased at a price between NOK 10 and NOK 150. Acquired shares shall be sold in accordance with regulations on the reduction of capital. The authorisation will be valid for a period of 12 months from 25 April 2012.

An agreement has been signed with the Norwegian Ministry of Trade and Industry for the redemption of a proportional share of government holdings to ensure that the government's percentage ownership does not change as a result of the redemption of repurchased shares.

The minutes of the Annual General Meeting will be published on www.dnb.no/agm.

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