Stock and press releases

Financial Calendar DnB NOR ASA 2006 Preliminary results 2005 23 February Annual general meeting 25 April Ex-dividend date 26 April First quarter 2006 11 May Second quarter 2006 10 August Third quarter 2006 2 November http://www.newsweb.no/index.asp?melding_ID=118801

On 6 December 2005, the Danish Financial Supervisory Authority (Finanstilsynet) granted Bank DnB NORD A/S permission to engage in banking operations in Denmark. Complete statement on www.newsweb.no On 6 December 2005, the Danish Financial Supervisory Authority (Finanstilsynet) granted Bank DnB NORD A/S permission to engage in banking operations in Denmark. This is a further step in the process towards the establishment of DnB NORD. DnB NOR will establish DnB NORD in cooperation with the German financial services group NORD/LB. The two groups will own 51 and 49 per cent respectively of the new company, which will offer banking services in Finland, Denmark, Lithuania, Latvia, Estonia and Poland. The company's head office will be located in Denmark and the intention is to start operations on 1 January 2006. Corresponding permissions are required from Norwegian and Polish authorities.

Supplementary Information for Investors and Analysts

2006 Third Quarter Results

DnB NOR: Profits up 37 per cent in third quarter Third quarter 2005 · Profits after taxes rose 37 per cent to NOK 2 665 million (NOK 1 943 million in the third quarter of 2004) · Earnings per share were NOK 1.99 (1.47) · Return on equity came to 19.5 per cent (16.7) Attachment on www.newsweb.no Third quarter 2005 · Profits after taxes rose 37 per cent to NOK 2 665 million (NOK 1 943 million in the third quarter of 2004) · Earnings per share were NOK 1.99 (1.47) · Return on equity came to 19.5 per cent (16.7) · The cost/income ratio was reduced to 48.9 per cent (56.5) · The core capital ratio at end-September rose to 7.4 per cent (7.3) First three quarters 2005 · Profits after taxes rose 23 per cent to NOK 7 079 million (NOK 5 766 million in the first three quarters of 2004) · Earnings per share were NOK 5.30 (4.37) · Return on equity came to 17.8 per cent (16.8) · The cost/income ratio was reduced to 51.7 per cent (57.3) Comments by group chief executive Svein Aaser: 'DnB NOR is a financial services group in expansion. Our balance sheet assets have now surpassed NOK 1 000 billion, and assets under management exceed NOK 500 billion for the first time. The increase stems primarily from organic growth. Our growth platform in the Nordic region has also been expanded. In addition to Sweden and the Baltic region, we will acquire a banking operation in Northwest Russia. The purchase of Monchebank will give us a foothold in an area where trade between Norway and Russia is increasing within three of DnB NOR's core areas of activity: energy, fishing and shipping. Monchebank is licensed to engage in all forms of banking operations throughout Russia.' 'I sense an innovative spirit throughout the organisation. New products and solutions are being developed and are well received by customers, and sales activity has seldom been stronger. I note with satisfaction that costs in the third quarter were cut to under half of group income. All in all, a tremendous effort on the part of our staff at home and abroad,' says group chief executive Svein Aaser. Results are reported in accordance with international accounting principles (IFRS). The transition to IFRS has no impact on the formal core capital ratio. The quarterly report including tables can be downloaded from www.dnbnor.com Press release, third quarter report, presentation and Supplementary Information for Investors and Analysts can be found on www.newsweb.no http://www.newsweb.no/index.asp?melding_ID=115580

DnB NOR ASA - transfer of shares in DnB NOR Asset Management Holding (Sweden) AB to DnB NOR Kapitalforvaltning Holding AS Today, 26 September 2005, DnB NOR ASA has signed an agreement to transfer all shares in its wholly owned subsidiary DnB NOR Asset Management Holding (Sweden) AB (a total of 1,351,000 shares) to DnB NOR Kapitalforvaltning Holding AS, another wholly owned subsidiary of DnB NOR ASA. The transfer is in compliance with prevailing rules on intra-group transactions. Compensation will total NOK 1,087,916,000, corresponding to NOK 805.267 per share. The transfer will be effective as of 1 January 2005, conditional on the necessary permits from public authorities in Norway and abroad. This statement has been issued in compliance with Section 3- 1, first paragraph, second sentence of the Securities Trading Act. The transfer of shares in DnB NOR Asset Management Holding (Sweden) AB will have no impact on DnB NOR ASA's financial position. http://www.newsweb.no/index.asp?melding_ID=113907

DnB NOR: Profits up 37 per cent in third quarter Third quarter 2005 · Profits after taxes rose 37 per cent to NOK 2 665 million (NOK 1 943 million in the third quarter of 2004) · Earnings per share were NOK 1.99 (1.47) · Return on equity came to 19.5 per cent (16.7) Attachment on www.newsweb.no Third quarter 2005 · Profits after taxes rose 37 per cent to NOK 2 665 million (NOK 1 943 million in the third quarter of 2004) · Earnings per share were NOK 1.99 (1.47) · Return on equity came to 19.5 per cent (16.7) · The cost/income ratio was reduced to 48.9 per cent (56.5) · The core capital ratio at end-September rose to 7.4 per cent (7.3) First three quarters 2005 · Profits after taxes rose 23 per cent to NOK 7 079 million (NOK 5 766 million in the first three quarters of 2004) · Earnings per share were NOK 5.30 (4.37) · Return on equity came to 17.8 per cent (16.8) · The cost/income ratio was reduced to 51.7 per cent (57.3) Comments by group chief executive Svein Aaser: 'DnB NOR is a financial services group in expansion. Our balance sheet assets have now surpassed NOK 1 000 billion, and assets under management exceed NOK 500 billion for the first time. The increase stems primarily from organic growth. Our growth platform in the Nordic region has also been expanded. In addition to Sweden and the Baltic region, we will acquire a banking operation in Northwest Russia. The purchase of Monchebank will give us a foothold in an area where trade between Norway and Russia is increasing within three of DnB NOR's core areas of activity: energy, fishing and shipping. Monchebank is licensed to engage in all forms of banking operations throughout Russia.' 'I sense an innovative spirit throughout the organisation. New products and solutions are being developed and are well received by customers, and sales activity has seldom been stronger. I note with satisfaction that costs in the third quarter were cut to under half of group income. All in all, a tremendous effort on the part of our staff at home and abroad,' says group chief executive Svein Aaser. Results are reported in accordance with international accounting principles (IFRS). The transition to IFRS has no impact on the formal core capital ratio. The quarterly report including tables can be downloaded from www.dnbnor.com Press release, third quarter report, presentation and Supplementary Information for Investors and Analysts can be found on www.newsweb.no