DNB Bank ASA - completion of separation of DNB Finans and associated capital increase

24 Jan 2026 19:08 CET

Reference is made to the stock exchange notice of 22 January 2026, where it was
announced that DNB Bank ASA will separate the business area DNB Finans into a
wholly owned subsidiary, which will be named DNB Finans AS. The separation will
be carried out through three separate transactions. It was further announced
that the first transaction had been completed, specifically that DNB Finans had
been demerged into Godskipet 9 AS. At the same time, the share capital of DNB
Bank ASA was reduced from NOK 18,470,062,312.50 to NOK 17,136,607,277.50.

The next transaction was completed on 24 January 2026. Specifically, Godskipet 9
AS was merged into Godskipet 8 AS. By the merger, the share capital of DNB Bank
ASA was increased back to NOK 18,470,062,312.50, so that the total share capital
remains unchanged by the transactions. The number of shares will remain
1,477,604,985. The capital reduction and subsequent capital increase were
carried out to ensure that DNB Finans AS becomes a wholly owned subsidiary of
DNB Bank ASA.

The only remaining step is 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. This merger is expected to be completed shortly.

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.

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