DNB Bank ASA - completion of demerger of DNB Finans and associated capital reduction

22 Jan 2026 16:48 CET

On 29 April 2025, the Annual General Meeting of DNB Bank ASA resolved to
separate the business area DNB Finans into a separate wholly owned subsidiary,
which will be named DNB Finans AS. The separation will be carried out through
three transactions, involving the wholly owned subsidiaries Godskipet 9 AS,
Godskipet 8 AS, and Eksportfinans AS:

1. As the first transaction, DNB Finans will be demerged from DNB Bank ASA to
Godskipet 9 AS. Due to technical requirements, the share capital of DNB Bank ASA
will simultaneously be reduced from NOK 18,470,062,312.50 to NOK
17,136,607,277.50, through a reduction in the nominal value of the shares. The
number of shares will remain 1,477,604,985.

This demerger and the associated capital reduction were completed on 22 January
2026, through registration in the Norwegian Register of Business Enterprises.

2. The next transaction will be the merger of Godskipet 9 AS (including DNB
Finans) into Godskipet 8 AS, which is expected to take place shortly. Upon
completion of this merger, the share capital of DNB Bank ASA will be increased
back to NOK 18,470,062,312.50. Thus, the share capital and number of shares
remain unchanged by the transactions. A separate stock exchange notice will be
published when the capital increase has been completed.

3. The final transaction will be the merger of Godskipet 8 AS into Eksportfinans
AS, which is a credit institution with the required licenses to operate the
business of DNB Finans. Eksportfinans AS will simultaneously change its name to
DNB Finans AS.

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 Section 5-12 of the Norwegian Securities Trading Act.

More information:
Access the news on Oslo Bors NewsWeb site