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DnB NOR Bank ASA

2006 Third Quarter Results

The merger between DnB NOR Bank ASA as the acquiring company and DnB NOR Hypotek AS as the acquired company entered into force on 28 October 2006. The merger has been implemented pursuant to Section 13-24 of the Public Limited Companies Act, as a merger between a parent company and a wholly-owned subsidiary. The background for the transaction is DnB NOR's desire to coordinate expertise on commercial property financing in the bank. http://www.newsweb.no/index.asp?melding_ID=137976

The merger between DnB NOR Bank ASA as the acquiring company and DnB NOR Hypotek AS as the acquired company entered into force on 28 October 2006. The merger has been implemented pursuant to Section 13-24 of the Public Limited Companies Act, as a merger between a parent company and a wholly-owned subsidiary. The background for the transaction is DnB NOR's desire to coordinate expertise on commercial property financing in the bank.

DnB NOR Bank ASA has received a long-term rating of AA from the Canadian credit rating agency Dominion Bond Rating Service (DBRS). The rating is new and effective from September 2006. The rating is considered to have a stable trend. Complete message at newsweb.no DnB NOR Bank ASA has received a long-term rating of AA from the Canadian credit rating agency Dominion Bond Rating Service (DBRS). The rating is new and effective from September 2006. The rating is considered to have a stable trend. 'According to DBRS, the rating reflects DnB NOR Bank's dominant position in the Norwegian market. The smooth merger process between DnB and Gjensidige NOR, cost-effective operations and solid risk management were also highlighted. In my view, this rating is a recognition of the Group's successful and targeted efforts over many years, including a selective and well-planned international expansion strategy,' says Svein Aaser, group chief executive. DBRS is the second rating agency to give DnB NOR an AA rating. This rating is reserved for first- class institutions, providing access to more capital markets and ensuring lower funding costs. http://www.newsweb.no/index.asp?melding_ID=135383