DNB Bank ASA - status of share buy-back programme after week 49 2023

08 Dec 2023 17:42 CET

On 19 October 2023, DNB Bank ASA ("DNB") announced that the company has decided
to initiate a share buy-back programme comprising up to 1.0 percent of the
company's own shares, which represents a total of 15,426,132 shares.

Up to 10,181,247 shares will be purchased on trading venues by 30 January 2024,
and a proposal to cancel the shares will be made at the Annual General Meeting
in 2024. At the same meeting it will also be proposed to redeem the remaining
shares - up to 5,244,885 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.

The total consideration paid for the shares purchased under the buy-back
programme, including the shares that will be proposed redeemed from NFD, will
not exceed NOK 3.3 billion.

During week 49 of 2023, DNB purchased 1,126,800 own shares at an average price
of NOK 209.7985 per share. Following this, DNB has purchased a total of
8,124,461 own shares under the current buy-back programme, corresponding to 0.53
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) | |
+------------------------+---------+--------+-----------------------------+
|4/12 |225,000 |206.9339|46,560,127.50 |
+------------------------+---------+--------+-----------------------------+
|5/12 |225,000 |208.9978|47,024,505.00 |
+------------------------+---------+--------+-----------------------------+
|6/12 |225,000 |212.6003|47,835,067.50 |
+------------------------+---------+--------+-----------------------------+
|7/12 |226,800 |212.7262|48,246,302.16 |
+------------------------+---------+--------+-----------------------------+
|8/12 |225,000 |207.7109|46,734,952.50 |
+------------------------+---------+--------+-----------------------------+
|Previously announced buy|6,997,661|202.9062|1,419,868,890.94 |
|-backs under the | | | |
|programme | | | |
+------------------------+---------+--------+-----------------------------+
|Total buy-backs made |8,124,461|203.8621|1,656,269,845.60 |
|under the programme | | | |
+------------------------+---------+--------+-----------------------------+

For more information about the buy-back programme, please see the stock exchange
announcement that was published on 19 October 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.

Attachment: 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

606109_Detailed_transaction_04_12_08_12_2023.pdf