Stock and press releases

Update Q3, 2008

DnB NOR Boligkreditt AS

DnB NOR Bank ASA

DnB NOR Boligkreditt AS

Supplementary Information for Investors and Analysts

2008 Second Quarter Results

Financial highlights

Second quarter 2008
· Pre-tax operating profits before write-downs were NOK 4.6 billion (4.1)
· Profit for the period was NOK 3.4 billion (3.4)
· Return on equity was 18.1 per cent (20.4)
· Earnings per share were NOK 2.47 (2.50)
· The cost/income ratio was 49.0 per cent (49.1)
· The core capital ratio, including 50 per cent of interim profits, was 6.9 per cent (7.4)

First half 2008
· Pre-tax operating profits before write-downs were NOK 6.1 billion (7.8)
· Profit for the period was NOK 4.5 billion (6.3)
· Return on equity was 11.8 per cent (18.8)
· Earnings per share were NOK 3.27 (4.60)
· The cost/income ratio was 58.7 per cent (49.4)
· The core capital ratio, including 50 per cent of interim profits, was 6.9 per cent (7.4)