Stock and press releases

Tom Grøndahl, deputy CEO and CFO, has decided to wind down after ten years as CFO and a total of twenty years in the DnB NOR Group. Grøndahl will work on various projects for the group chief executive and continue to hold board positions up until he reaches 60, his contractual retirement age, in June 2009. Group chief executive Rune Bjerke says he is grateful that Tom Grøndahl remained in his position after the change of CEO a year ago and thus ensured continuity in the group management team. 'Based on his long-term experience and extensive competence, Tom has been of invaluable support to me during my first year as group chief executive. He has made a tremendous effort for the Group over many years. After such long and faithful service, I have to respect his wish to wind down. I am pleased that he will continue to benefit the Group with his skills for some time,' says group chief executive Rune Bjerke. Tom Grøndahl can look back on 33 years in the financial services industry, the past twenty years in DnB NOR and its predecessors Bergen Bank and DnB. 'My life situation has changed, not allowing room for the workload and the extensive travelling required in the position as deputy CEO and CFO,' explains Tom Grøndahl.

The Boards of Directors of DnB NOR's employee investment funds today decided to wind up the funds and realise the shares held by the funds in DnB NOR ASA. The funds own a total of 16.8 million shares, representing 1.3 per cent of the total number of DnB NOR shares. A final decision to wind up the funds will be made by the funds' general meeting in February 2008, and the shares will probably be realised during 2008. Complete statement on www.newsweb.no The Boards of Directors of DnB NOR's employee investment funds today decided to wind up the funds and realise the shares held by the funds in DnB NOR ASA. The funds own a total of 16.8 million shares, representing 1.3 per cent of the total number of DnB NOR shares. A final decision to wind up the funds will be made by the funds' general meeting in February 2008, and the shares will probably be realised during 2008. The funds are owned by the Group's employees, who will be paid the value of their holdings when the funds are wound up. DnB NOR has had employee funds since 1997, and allocations have been made to the funds up until 2005 based on the Group's strong financial performance.

The Boards of Directors of DnB NOR's employee investment funds today decided to wind up the funds and realise the shares held by the funds in DnB NOR ASA. The funds own a total of 16.8 million shares, representing 1.3 per cent of the total number of DnB NOR shares. A final decision to wind up the funds will be made by the funds' general meeting in February 2008, and the shares will probably be realised during 2008. Complete statement on www.newsweb.no The Boards of Directors of DnB NOR's employee investment funds today decided to wind up the funds and realise the shares held by the funds in DnB NOR ASA. The funds own a total of 16.8 million shares, representing 1.3 per cent of the total number of DnB NOR shares. A final decision to wind up the funds will be made by the funds' general meeting in February 2008, and the shares will probably be realised during 2008. The funds are owned by the Group's employees, who will be paid the value of their holdings when the funds are wound up. DnB NOR has had employee funds since 1997, and allocations have been made to the funds up until 2005 based on the Group's strong financial performance.

Siri Pettersen Strandenes will become a new board member in DnB NOR ASA, succeeding Heidi M. Petersen. Strandenes was elected at the Supervisory Board meeting on 11 December 2007. Complete statement on www.newsweb.no Siri Pettersen Strandenes will become a new board member in DnB NOR ASA, succeeding Heidi M. Petersen. Strandenes was elected at the Supervisory Board meeting on 11 December 2007. The Board of Directors of DnB NOR ASA consists of: · Olav Hytta (chairman) · Johan Nic. Vold (vice-chairman) · Per Hoffmann (board employee representative) · Nina Britt Husebø (board employee representative) · Bjørn Sund (board member) · Jørn O. Kvilhaug (board employee representative) · Bent Pedersen (board member) · Ingjerd Skjeldrum (board employee representative) · Anne Carine Tanum (board member) · Trine Sæther Romuld (board member) · Siri Pettersen Strandenes (board member) Deputies for the employee representatives: · Bjørn Davidsen · Sverre Finstad · Jorunn Løvås · Tor M. Nordvold Read more about the Board of Directors and the new board member on www.dnbnor.com

DnB NOR Bank ASA has entered into agreements on the sale of 22 bank buildings, thus concluding the sale of the bank's own commercial property portfolio announced in the spring. Complete statement on www.newsweb.no DnB NOR Bank ASA has entered into agreements on the sale of 22 bank buildings, thus concluding the sale of the bank's own commercial property portfolio announced in the spring. The total sales price for the 22 buildings is NOK 3.6 billion. This will give the bank a gain of more than NOK 1.4 billion before tax. As several of the properties in the portfolio are owned by companies, the tax charge will be relatively low. The buildings were sold with an average yield of 5.62 per cent. Parallel to the sales, DnB NOR has entered into new lease agreements for the sold properties with a duration of between seven and ten years. The agreements will imply no significant changes in the bank's operating expenses over the coming years.

Johan Nic Vold, vice Chair of the Board of DnB NOR, has today 5/11 bought 1000 shares in DnB NOR ASA at a share price of NOK 86,70. After this transaction, Johan Nic Vold owns 2500 shares in DnB NOR ASA.