Stock and press releases

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Supplementary Information for Investors and Analysts

Full Year Results 2006

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Supplementary information - 22 February 2007

Bård Benum has chosen to retire from his position as group executive vice president in DnB NOR and managing director of Vital to take over as president and CEO of Powel ASA. Benum has been employed in the Group for nine years and has headed what is now known as Vital for six years. He will continue to head Vital until a new managing director is appointed. Powel ASA provides software solutions to the energy sector in Norway and internationally, and is headquartered in Trondheim.

DnB NOR Bank ASA has entered into an agreement to issue new hybrid Tier 1 securities for a total of GBP 350 million at a rate of Sterling Libor plus 69.5 basis points. Subscriptions started in the morning on Wednesday, 24 January 2007, and at the closing on the same afternoon, the issue had been four times oversubscribed. The securities are perpetual, but may be redeemed after ten years. The issue will strengthen the capital adequacy ratio of the DnB NOR Group by 0.34 percentage points. The bank also has two outstanding hybrid Tier 1 securities issues of USD 400 million and EUR 350 million respectively with an average margin of 200 basis points. The arrangers of the latest issue were Barclays, JP Morgan and UBS.