Merger with sister company Sbanken Boligkreditt AS

11 May 2023 08:18 CEST

The Boards of Directors of DNB Boligkreditt AS (“DNB BK”) and Sbanken
Boligkreditt AS (“Sbanken BK”) have signed a merger plan for the merger of
Sbanken BK into DNB BK. Extraordinary general meetings of DNB BK and Sbanken BK
were held following the board meeting, which approved all items on the agenda,
including the merger plan for the merger. The approval of the merger will be
filed with Norwegian Register of Business Enterprises for the initiation of a
six weeks' creditor notice period.

Both DNB BK and Sbanken BK are wholly owned subsidiaries of DNB Bank ASA, and
the merger will be completed in accordance with the provisions as set out in
Section 13-24 of the Norwegian Private Limited Liability Companies Act, cf.
Section 12-1 of the Norwegian Financial Institutions Act.

The merger will be carried out by Sbanken BK transferring all its business,
including all assets, rights and obligations, to DNB BK as the acquiring company
in the merger. No merger consideration will be paid. Sbanken BK will
subsequently be liquidated.

The purpose of the merger is to fulfil the conditions set out in the Ministry of
Finance's acquisition permit of 1 July 2021. The implementation of the merger is
conditional upon inter alia Finanstilsynet or the Ministry of Finance granting
the necessary permissions to implement the merger in accordance with Section
12-1 of the Norwegian Financial Institutions Act.

For further information, please contact:
Rune Helland, Head of Investor Relations, tel.: (+47) 23 26 84 00 / (+47) 97 71
32 50
The information in this statement is subject to the disclosure requirements
pursuant to Oslo Stock Exchange's continuing obligations.

More information:
Access the news on Oslo Bors NewsWeb site