Stock and press releases

DnB NOR has signed an agreement to acquire a total of 76.3 per cent of BISE Bank in Poland through its partially-owned subsidiary DnB NORD. This will result in a twofold increase in operations in the Polish market. Complete announcement at newsweb.no DnB NOR has signed an agreement to acquire a total of 76.3 per cent of BISE Bank in Poland through its partially-owned subsidiary DnB NORD. This will result in a twofold increase in operations in the Polish market. BISE Bank's operations focus on retail customers, small and medium-sized businesses and parts of the public sector, while DnB NORD in Poland currently serves only corporate clients. BISE Bank has 780 employees and 46 branches throughout Poland. The shares will be purchased from the French Crédit Coopératif (51.7 per cent) and the Polish ARP (24.6 per cent), a government-owned industrial development agency. The acquisition price represents 3.3 times book equity and values the Polish bank at approximately EUR 140 million. The final consideration may be subject to adjustment. Existing shareholders in BISE have pre-emptive rights to purchase the shares DnB NORD has currently agreed to acquire. DnB NORD will negotiate with the minority shareholders with an aim to take over the remaining shares. DnB NORD was established in 2005. In addition to the Polish market, the bank has operations in Finland, Estonia, Latvia, Lithuania and Denmark. DnB NOR ASA owns 51 per cent of the banking group, while Norddeutsche Landesbank (NORD/LB) owns the remaining shares. DnB NOR will contribute its part of the financing. 'DnB NORD is an important part of our international operations. The acquisition of BISE Bank represents a significant expansion of our operations in Poland, giving us a sound foothold in the retail market, the public sector and the SME segment,' says Svein Aaser, group chief executive in DnB NOR and board chairman in DnB NORD. BISE Bank was established in 1990 by Crédit Coopératif and the Polish Ministry of Labour and Social Policy to provide financing to small and medium-sized companies and contractors. Since then, the bank has expanded its customer base to include retail customers, the energy sector, condominiums and local authorities. Pre-tax profits for the first nine months of 2006 totalled EUR 5 million, while total assets were EUR 600 million at end-September. Potential synergies of approximately EUR 8 million have been identified, mainly from sales of DnB NORD products to customers of BISE Bank. For information about DnB NORD and its activities in Poland, see dnbnord.com.

Head of Corporate Communications in DnB NOR, group executive vice president Jarl Veggan, will retire on 1 January 2007. Veggan has held responsibility for the Group's external and internal communications over a period of 18 years and will be 62 years old in December this year. Eivind Grønstad, senior communications officer, will be acting head of Corporate Communications in DnB NOR as of 1 January 2007. Complete statement on www.newsweb.no Head of Corporate Communications in DnB NOR, group executive vice president Jarl Veggan, will retire on 1 January 2007. Veggan has held responsibility for the Group's external and internal communications over a period of 18 years and will be 62 years old in December this year. Eivind Grønstad, senior communications officer, will be acting head of Corporate Communications in DnB NOR as of 1 January 2007. 'Jarl Veggan has made a tremendous contribution to the Group over many years, and we would like to thank him and wish him a happy retirement and less hectic days with his wife and family,' says group chief executive Svein Aaser. http://www.newsweb.no/index.asp?melding_ID=139638

Head of Corporate Communications in DnB NOR, group executive vice president Jarl Veggan, will retire on 1 January 2007. Veggan has held responsibility for the Group's external and internal communications over a period of 18 years and will be 62 years old in December this year. Eivind Grønstad, senior communications officer, will be acting head of Corporate Communications in DnB NOR as of 1 January 2007. Complete statement on www.newsweb.no Head of Corporate Communications in DnB NOR, group executive vice president Jarl Veggan, will retire on 1 January 2007. Veggan has held responsibility for the Group's external and internal communications over a period of 18 years and will be 62 years old in December this year. Eivind Grønstad, senior communications officer, will be acting head of Corporate Communications in DnB NOR as of 1 January 2007. 'Jarl Veggan has made a tremendous contribution to the Group over many years, and we would like to thank him and wish him a happy retirement and less hectic days with his wife and family,' says group chief executive Svein Aaser.

Jarl Veggan, head of Corporate Communications in DnB NOR, has November 7th 2006 sold 1400 shares in DnB NOR ASA at a share price of NOK 86,00. After this transaction Jarl Veggan owns 92 shares in DnB NOR ASA. http://www.newsweb.no/index.asp?melding_ID=138561

Jarl Veggan, head of Corporate Communications in DnB NOR, has November 7th 2006 sold 1400 shares in DnB NOR ASA at a share price of NOK 86,00. After this transaction Jarl Veggan owns 92 shares in DnB NOR ASA.

PricewaterhouseCoopers (PwC) has conducted a partial audit of the accounts of DnB NOR Bank ASA as at 30.09.06, in accordance with the standards on partial auditing of accounts. According to their statement to the Board of Directors in DnB NOR Bank ASA, nothing has been brought to the attention of PwC that gives grounds to assume that the submitted accounts have not been prepared in accordance with the law and generally accepted accounting principles. http://www.newsweb.no/index.asp?melding_ID=138364