DNB Bank ASA shall buy back up to 0.5 percent of the company's own shares

09 Feb 2023 07:32 CET

The Board of Directors of DNB Bank ASA has decided to initiate a share buy-back
programme comprising up to 0.5 percent of the company's own shares, which
represents a total of 7,751,800 shares. The purpose of the buy-back programme is
to optimise the company's capital structure.

The buy-back programme was adopted based on an authorisation given by DNB Bank
ASA's Annual General Meeting last year, on 26 April 2022, and has been approved
by the Financial Supervisory Authority of Norway.

Up to 5,116,200 shares will be bought back on trading venues, at a price of
between NOK 10 and NOK 300 per share. The buy-back programme will, at the
latest, end on 10 March 2023. A proposal will be made at this year's Annual
General Meeting, which will be held on 25 April 2023, to cancel the shares that
have been bought back.

The remaining shares under the buy-back programme - up to 2,635,600 shares -
will at the same Annual General Meeting be proposed redeemed from the Norwegian
Government, represented by the Ministry of Trade, Industry and Fisheries
("NFD"), so that NFD's ownership interest of 34 percent remains unchanged. NFD's
shares will be redeemed at a price equal to the average price of the shares
bought back on trading venues, with the addition of an interest compensation.

The buy-back programme will be carried out in accordance with the Market Abuse
Regulation and the regulation regarding buy-back programmes and stabilisation
measures.

For further information, please contact Rune Helland, Head of Investor
Relations, on +47 23 26 84 00 or +47 97 71 32 50.

This announcement contains information that is subject to disclosure
requirements pursuant to the Market Abuse Regulation and section 5-12 of the
Norwegian Securities Trading Act.

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