Stock and press releases

At a meeting of the Supervisory Board on 18 June 2008, Vital Forsikring ASA re-elected the following members of the Board of Directors: Rune Bjerke, Tom Grøndahl, Bjørg Ven and Jørn O. Kvilhaug. Bjørn Erik Næss, Tove Pettersen and Vibeke Holsen were elected new board members. Carl A. Løvvik was elected as a new deputy by the employees. Rune Bjerke was re-elected board chairman and Tom Grøndahl was re-elected vice-chairman. The term of office is up to two years. The Board of Directors now consists of the following members: Kristin Birkeland, Bergen (employee) Rune Bjerke, Oslo Tom Grøndahl, Slependen Vibeke Holsen, Bergen (employee) Cathrine Klouman, Stabekk Jørn O. Kvilhaug, Hokksund (employee) Bjørn Erik Næss, Oslo Tove Pettersen, Oslo Lars Rosén, Sweden Siri Pettersen Strandenes, Bergen Bjørg Ven, Oslo and the following deputies elected by the employees: Oddmunn Olsen, Trondheim Jack Selven, Oslo Carl A. Løvvik, Bergen

At a meeting of the Supervisory Board on 18 June 2008, DnB NOR Bank ASA re-elected the following members of the Board of Directors: Kari Lotsberg, Bent Pedersen and Ingjerd Skjeldrum. Anne Carine Tanum and Kai Nyland were elected new board members. Jorunn Løvås was re-elected as a deputy by the employees. Anne Carine Tanum was elected new board chairman and Bent Pedersen was re-elected vice-chairman. The term of office is one year for Kai Nyland and up to two years for the other members. The Board of Directors now consists of the following members: Per Hoffmann, Oslo (employee) Kari Lotsberg, Sweden Kai Nyland, Hamar Bent Pedersen, Denmark Torill Rambjør, Tjøme Ingjerd Skjeldrum, Drammen (employee) Anne Carine Tanum, Rømskog and the following deputies elected by the employees: Sverre Finstad, Moelv Jorunn Løvås, Bergen

At a meeting of the Supervisory Board on 18 June 2008, DnB NOR ASA re-elected the following members of the Board of Directors: Bent Pedersen, Bjørn Sund, Anne Carine Tanum, Ingjerd Skjeldrum and Per Hoffmann. Tore Olaf Rimmereid was elected new board member. Jorunn Løvås was re-elected as a deputy by the employees. Anne Carine Tanum was elected new board chairman and Bjørn Sund was elected new vice-chairman. The term of office is up to two years. The Board of Directors now consists of the following members: Per Hoffmann, Oslo (employee) Jørn O. Kvilhaug, Hokksund (employee) Bent Pedersen, Denmark Tore Olaf Rimmereid, Oslo Trine Sæther Romuld, Sandnes Ingjerd Skjeldrum, Drammen (employee) Siri Pettersen Strandenes, Bergen Bjørn Sund, Lysaker Anne Carine Tanum, Rømskog and the following deputies elected by the employees: Sverre Finstad, Moelv Jorunn Løvås, Bergen Tor M. Norvold, Skedsmokorset

Employees in DnB NOR ASA have been offered shares at a discounted price. The shares were allotted today, 13 June 2008, at a gross price of NOK 72.07 per share. The discount granted to each employee is NOK 1,500. Attached is a list of the primary insiders that availed themselves of the offer. Attachment on http://www.newsweb.no

DnB NOR's financial calendar has been updated, with a new date for the presentation of the third quarter results. The new date is 30 October 2008. The second quarter results will be presented on 10 July 2008.

DnB NOR has signed an agreement with Oslo S Utvikling (OSU) to lease a new head office which is to be built in Bjørvika in Oslo, in the so-called Barcode Row. The new head office will provide approximately 80 000 square metres of office space. "Our vision to be the most attractive financial services house in the Nordic region does not only refer to the building, but also to our entire organisation. Coordination, cooperation and the streamlining of operations will promote the development and modernisation of the entire organisation. By gathering our employees in Oslo in one office complex, we will reduce time and costs now spent on transport between the different units and achieve more effective service functions," says Rune Bjerke, group chief executive. DnB NOR's new head office will consist of three buildings totalling approximately 80 000 square metres. The agreement with OSU regards the leasing of the buildings and includes a future purchase option. "Bjørvika is a completely new, innovative part of Oslo, a result of ambitious city planning. This is the location of the recently opened new opera building, and we have all seen how people are flocking to Bjørvika. When Bjørvika is completed, the variety of activities will create a dynamic environment both day and night. In addition, Bjørvika is a very central location with respect to public transport," says Liv Fiksdahl, group executive vice president in DnB NOR. The new head office will house more than 4 000 employees who are now working in several different locations in Oslo. Centralising staff in one, new effective office complex will halve the bank's office space requirements in Oslo. The commencement of the project is scheduled for the first quarter of 2009, and the first building phase will be completed in 2012. "DnB NOR is a multifaceted financial services group, which will fit well into Oslo's urban landscape in the future Bjørvika. This new part of Oslo will have a good mix of commercial businesses, cultural instititutions and housing," says Paul E. Lødøen, managing director of OSU. Contact persons: DnB NOR ASA: Eivind Grønstad, senior vice president, mobile: (0047) 920 31 505 Liv Fiksdahl, group executive vice president, tel. (0047) 22 94 46 32 Oslo S Utvikling AS: Paul E. Lødøen, managing director, mobile: (0047) 911 25 760