DNB BANK ASA - status of share buy-back programme after week 8 2023

24 Feb 2023 17:43 CET

On 9 February 2023, DNB Bank ASA ("DNB") announced that the company 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.

Up to 5,116,200 shares will be bought back on trading venues by 10 March 2023,
and a proposal will be made at this year's Annual General Meeting, which will be
held on 25 April 2023, to cancel the shares. At the same meeting it will also be
proposed to redeem the remaining shares - up to 2,635,600 shares - 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.

During week 8 of 2023, DNB purchased 1,175,000 own shares at an average price of
NOK 201.8059 per share. Following this, DNB owns a total of 2,818,951 own
shares, corresponding to 0.182 percent of the shares in the company.

Below is a more detailed overview of the transactions carried out under the buy
-back programme:

Date: Number of Average Total transaction value (NOK)
shares price
(NOK)
20.02.2023 235,000 199.5645 46,897,657.5
21.02.2023 235,000 199.3856 46,855,616.0
22.02.2023 235,000 199.3584 46,849,224.0
23.02.2023 235,000 204.5175 48,061,612.5
24.02.2023 235,000 206.2037 48,457,869.5
Previously announced buy 1,643,951 193.7160 318,456,093.0
-backs under the
programme
Total buy-backs made 2,818,951 197.0868 555,578,072.5
under the programme

For more information about the buy-back programme, please see the stock exchange
announcement that was published on 9 February 2023, which is available at
www.newsweb.oslobors.no.

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.

Attachments: An overview of all buy-backs made this week is enclosed with this
announcement and available at www.newsweb.oslobors.no.

More information:
Access the news on Oslo Bors NewsWeb site

583572_DNB_Detailed_transactions_20_02_24_02_2023.pdf