During week 8 2019, DNB ASA has purchased 893 000 own shares at an average price of NOK 160.55 per share. After this, DNB ASA owns a total of 12 400 000 own shares.

The repurchase of shares is part of the share buy-back programme announced by DNB ASA on 6 June 2018. The buy-back programme comprises up to approximately 24.1 million shares, of which up to approximately 15.9 million shares may be repurchased in the open market. The rest will be redeemed from the state of Norway on a proportionate basis, subject to approval from DNB ASA's annual general meeting in 2019, so that its current ownership interest of 34.00% will remain unaffected following completion of the buy-back programme.

For further information about the share buy-back programme, DNB ASA refers to the Oslo Stock Exchange notification made on 6 June 2018 (available from www.newsweb.no).

During week 9 2019, DNB ASA has purchased 1 109 000 own shares at an average price of NOK 163.08 per share. After this, DNB ASA owns a total of 13 509 000 own shares.

The repurchase of shares is part of the share buy-back programme announced by DNB ASA on 6 June 2018. The buy-back programme comprises up to approximately 24.1 million shares, of which up to approximately 15.9 million shares may be repurchased in the open market. The rest will be redeemed from the state of Norway on a proportionate basis, subject to approval from DNB ASA's annual general meeting in 2019, so that its current ownership interest of 34.00% will remain unaffected following completion of the buy-back programme.

For further information about the share buy-back programme, DNB ASA refers to the Oslo Stock Exchange notification made on 6 June 2018 (available from www.newsweb.no).

The DNB Group's annual report and Pillar 3 report for 2018 are published today, 7 March 2019, on DNB's website ir.dnb.no.

During week 10 2019, DNB ASA has purchased 1 369 000 own shares at an average price of NOK 158.06 per share. After this, DNB ASA owns a total of 14 878 000 own shares.

The repurchase of shares is part of the share buy-back programme announced by DNB ASA on 6 June 2018. The buy-back programme comprises up to approximately 24.1 million shares, of which up to approximately 15.9 million shares may be repurchased in the open market. The rest will be redeemed from the state of Norway on a proportionate basis, subject to approval from DNB ASA's annual general meeting in 2019, so that its current ownership interest of 34.00% will remain unaffected following completion of the buy-back programme.

For further information about the share buy-back programme, DNB ASA refers to the Oslo Stock Exchange notification made on 6 June 2018 (available from www.newsweb.no).

DNB ASA has finalized its share buy-back programme announced on 6 June 2018. A total of 15.9 million shares were repurchased in the open market, whereas a total of 8.2 million shares will be redeemed from the state of Norway, subject to approval from DNB ASA’s annual general meeting in 2019, so that its ownership interest in DNB ASA of 34.00 % will remain unaffected following completion of the buy-back programme. The weighted average purchase/redemption price for the 15.9 million shares is NOK 160.17.

After this, DNB ASA owns a total of 15 883 232 own shares.

The 24 065 503 shares comprised by the share buy-back programme will be cancelled subject to approval by the annual general meeting in 2019, whereby the total number of DNB ASA’s registered shares will be reduced by 1.50% from today's 1 604 366 888.

For further information about the share buy-back programme, DNB ASA refers to the Oslo Stock Exchange notification made on 6 June 2018 (available from www.newsweb.no).  

DNB has today decided to increase interest rates on home mortgages by up to 0.25 percentage points.  

“It has long been expected that Norges Bank would increase the key policy rate at their meeting on 21 March. The interest rates have been historically low over a long period of time, and the fact that they are now rising signals a positive development in the Norwegian economy," says Ingjerd Blekeli Spiten, head of Personal Banking in DNB.  

"We will continue to offer highly competitive prices, while delivering a complete range of banking services, including sound advice, simple digital solutions and people you can talk to all over the country," she concludes.  

For existing customers, the interest rate adjustments will become effective as of 8 May. All customers whose interest rates will be adjusted, will be given information in the Internet bank or receive a letter by regular mail, explaining how their mortgage will be affected.  

DNB will publish its results for the first quarter of 2019 on Friday 3 May 2019 at 07.30 a.m. Oslo time. The first quarter results presentation will be held in London the same morning, at 08:30 a.m. London time. The event will be webcasted. Link to the webcast will be made available at ir.dnb.no. The presentation will also be published at 08:30 a.m. London time. An analyst and investor conference call will be held after the presentation.

Please note that no first quarter results presentation will be held in Oslo.

Presentation details:

Agenda:
08:30 a.m. (London time)             First quarter results presented by Rune Bjerke (CEO) and Kjerstin Braathen (CFO)
12:30 a.m. (London time)             Conference call for investors and analysts (call details will be published at ir.dnb.no)

Place:           
DNB Bank ASA, 8th Floor, The Walbrook Building, 25 Walbrook, London EC4N 8AF

Registration:
Please register your attendance in London to [email protected], no later than 26 April 2019.

We look forward to seeing you in London.

Shareholders in DNB ASA are hereby invited to attend the Annual General Meeting to be held at 03:00 p.m. on Tuesday, 30 April 2019 at DNB's premises in Dronning Eufemias gate 30, Bjørvika, Oslo, Norway.

Agenda: approval of the 2018 annual accounts and directors’ report, reduction in capital as a result of the repurchase of shares, election of members of the Board of Directors and the Election Committee as well as the approval of remuneration rates for members of these bodies.

The Board of Directors also asks the General Meeting for an authorisation to repurchase up to 3.5 per cent of the company's share capital, as well as an authorisation to DNB Markets of 0.5 per cent for hedging purposes, valid until the Annual General Meeting in 2020.

The notice of the Annual General Meeting is attached.

In the first quarter of 2019, the DNB Group will recognise a negative effect of NOK 187 million from basis swaps connected to funding. Furthermore, a negative effect of NOK 88 million from the Additional Tier 1 capital will also be recognised.