The DNB Group's Annual Report, including Sustainability report and Pillar 3 report for 2022, are published today, 9 March 2023, on DNB's website ir.dnb.no.

For further information:

Investor contacts:
Rune Helland, Head of Investor Relations, tel. (+47) 23 26 84 00 / (+47) 977 13 250
Thor Tellefsen, Head of Long-Term Funding, tel. (+47) 915 44 385

Media contact:
Thomas Midteide, Group Executive Vice President of Communications & Sustainability, tel. (+47) 962 32 017

This information is subject to the disclosure requirements according to Section 5-12 of the Norwegian Securities Trading Act.

On 9 February 2023, DNB Bank ASA ("DNB") announced that the company has decided to initiate a share buy-back programme comprising up to 0.5 percent of the company's own shares, which represents a total of 7,751,800 shares.

Up to 5,116,200 shares will be bought back on trading venues by 10 March 2023, and a proposal will be made at this year's Annual General Meeting, which will be held on 25 April 2023, to cancel the shares. At the same meeting it will also be proposed to redeem the remaining shares - up to 2,635,600 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.

During week 9 of 2023, DNB purchased 1,151,660 own shares at an average price of NOK 206.8699 per share. Following this, DNB owns a total of 3,970,611 own shares, corresponding to 0.256 percent of the shares in the company.

Below is a more detailed overview of the transactions carried out under the buy-back programme:

For more information about the buy-back programme, please see the stock exchange announcement that was published on 9 February 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.

Attachments: An overview of all completed buy-backs is enclosed with this announcement and available at www.newsweb.oslobors.no.

On 9 February 2023, DNB Bank ASA ("DNB") announced that the company has decided to initiate a share buy-back programme comprising up to 0.5 percent of the company's own shares, which represents a total of 7,751,800 shares.

Up to 5,116,200 shares will be bought back on trading venues by 10 March 2023, and a proposal will be made at this year's Annual General Meeting, which will be held on 25 April 2023, to cancel the shares. At the same meeting it will also be proposed to redeem the remaining shares - up to 2,635,600 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.

During week 8 of 2023, DNB purchased 1,175,000 own shares at an average price of NOK 201.8059 per share. Following this, DNB owns a total of 2,818,951 own shares, corresponding to 0.182 percent of the shares in the company.

Below is a more detailed overview of the transactions carried out under the buy-back programme:

For more information about the buy-back programme, please see the stock exchange announcement that was published on 9 February 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.

Attachments: An overview of all buy-backs made this week is enclosed with this announcement and available at www.newsweb.oslobors.no.

On 9 February 2023, DNB Bank ASA ("DNB") announced that the company has decided to initiate a share buy-back programme comprising up to 0.5 percent of the company's own shares, which represents a total of 7,751,800 shares.

Up to 5,116,200 shares will be bought back on trading venues by 10 March 2023, and a proposal will be made at this year's Annual General Meeting, which will be held on 25 April 2023, to cancel the shares. At the same meeting it will also be proposed to redeem the remaining shares - up to 2,635,600 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.

During week 6 and 7 of 2023, DNB purchased 1,643,951 own shares at an average price of NOK 193.7160 per share. Following this, DNB owns a total of 1,643,951 own shares, corresponding to 0.106 percent of the shares in the company.

Below is a more detailed overview of the transactions carried out under the buy-back programme:

For more information about the buy-back programme, please see the stock exchange announcement that was published on 9 February 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.

Attachments: An overview of all buy-backs made this week is enclosed with this announcement and available at www.newsweb.oslobors.no.

Oslo, 10 February 2023

Today, 10 February 2023, a total of 12,944 shares in DNB Bank ASA were acquired on behalf of certain of DNB's primary insiders, who are part of the Group Management team. The share purchase was executed collectively at an average price per share of NOK 190.7694.

The shares were purchased in accordance with the share programme that was approved by the Annual General Meeting on 30 June 2020. Shares that are acquired through the programme have a holding period which lasts for as long as the person holding the shares is part of the Group Management team. Upon leaving the Group Management team, the shares are released in stages over a period of three years.

A list of the primary insiders of DNB Bank ASA who have increased their shareholding is attached.

This information is subject to the disclosure requirements pursuant to section 5-12 of the Norwegian Securities Trading Act.

The Board of Directors of DNB Bank ASA has decided to initiate a share buy-back programme comprising up to 0.5 percent of the company's own shares, which represents a total of 7,751,800 shares. The purpose of the buy-back programme is to optimise the company's capital structure.

The buy-back programme was adopted based on an authorisation given by DNB Bank ASA's Annual General Meeting last year, on 26 April 2022, and has been approved by the Financial Supervisory Authority of Norway.

Up to 5,116,200 shares will be bought back on trading venues, at a price of between NOK 10 and NOK 300 per share. The buy-back programme will, at the latest, end on 10 March 2023. A proposal will be made at this year's Annual General Meeting, which will be held on 25 April 2023, to cancel the shares that have been bought back.

The remaining shares under the buy-back programme - up to 2,635,600 shares - will at the same Annual General Meeting be proposed redeemed 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. NFD's shares will be redeemed at a price equal to the average price of the shares bought back on trading venues, with the addition of an interest compensation.

The buy-back programme will be carried out in accordance with the Market Abuse Regulation and the regulation regarding buy-back programmes and stabilisation measures.

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.

The Board of Directors of DNB Bank ASA plans to propose to distribute a cash dividend of NOK 12.50 per share for the accounting year of 2022. The formal decision regarding the dividend will be made on the company’s Annual General Meeting, which will be held on 25 April 2023.

Dividend amount: 12.50 per share
Declared currency: Norwegian krone (NOK)
Last day including right: 25 April 2023
Ex-date: 26 April 2023
Record date (shareholder registration date): 27 April 2023
Payment date: from 5 May 2023
Date of approval: 25 April 2023

This information is published in accordance with the requirements in Oslo Børs’ issuer rules.

For further information, please contact Rune Helland, head of Investor Relations, on tel. +47 23 26 84 00 / +47 97 71 32 50

DNB's profit for the fourth quarter of 2022 was NOK 9 947 million, an increase of NOK 3 792 million from the corresponding quarter last year.

The high level of activity in the Norwegian economy continued into the fourth quarter. A tight labour market and rising inflation contributed to Norges Bank raising the key policy rate several times to curb inflation. In addition, the result was driven by growth and a reduction in tax of NOK 1 284 million following the winding up of a subsidiary in Asia.

"Looking back, it's been a highly unusual year, with the reopening of society after the pandemic, geopolitical turmoil and uncommonly high inflation. In a turbulent financial market, the Norwegian economy has once again shown resilience, and Norwegian companies' ability to adapt has really impressed me. DNB is well equipped for supporting personal customers and businesses through uncertain times," says CEO Kjerstin Braathen.

After a year of high activity and good results in all areas of the bank, DNB is in a very sound financial position. At the Annual General Meeting, the Board of Directors will propose a dividend of NOK 12.50 per share for 2022, in line with the Group's dividend policy. Around half of DNB's dividends are channelled back into Norwegian society.

"For the fifth year in a row, the DNB Savings Bank Foundation will receive more than NOK 1 billion in dividends from DNB, and this year they will receive more than NOK 1.6 billion. They use this money to promote positive causes in society, for example by donating more than NOK 20 million to the Norwegian Trekking Association. That's something we're proud of," says Braathen.

Increased activity in all product areas

Loans to customers increased by NOK 220 billion, or 12.3 per cent, in 2022. Customer deposits increased by NOK 153 billion, or 10.7 per cent, during the same period. A high level of customer activity, increased interest rate levels and volume growth contributed to an increase in net interest income of NOK 3 785 million, or 36.8 per cent, compared with the fourth quarter of 2021, which was characterised by historically low interest rates in the market. Compared with the third quarter of 2022, the increase was NOK 1 818 million, or 14.8 per cent.

"Never before have we spoken with more customers, and we find that, on the whole, our customers are well prepared. Our customers are seeking advice, and businesses and personal customers alike are making necessary adjustments in the face of the new economic situation," says Braathen.

Income from customer-driven activities (commission and fee income) remained on a level with that of the corresponding quarter of last year and reached a solid 3 038 million, in a turbulent financial market. All product areas, and in particular money transfer and banking services, contributed to a solid growth in income of NOK 441 million in 2022, or 4 per cent, compared with the previous year.

A driving force for sustainable transition

Throughout 2022, DNB saw a strong demand for financing for sustainable initiatives. The bank aims to be a driving force for sustainable transition by financing and facilitating sustainable activities worth NOK 1 500 billion by 2030. We are well on track to reach our target, and the status for this goal was a total of NOK 391 billion at the end of last year. DNB Markets participated in 51 transactions across a wide range of regions and sectors, increasing its transaction volume by 47 per cent compared with the previous year.

Financial key figures for the fourth quarter of 2022 (figures for the corresponding quarter in 2021):

• Pre-tax operating profit before impairment amounted to NOK 10.98 billion (8.2)
• Profit was NOK 9.9 billion (6.2)
• Earnings per share were NOK 6.26 (3.79)
• Return on equity was 16.2 per cent (10.3)
• Cost/income ratio was 40.7 per cent (43.9)
• Common equity Tier 1 (CET 1) capital ratio was 18.3 per cent (19.4)

Financial key figures for 2022 (corresponding figures for 2021):

• Pre-tax operating profit before impairment amounted to NOK 39.6 billion (31.9)
• Profit was NOK 32.9 billion (25.4)
• Earnings per share were NOK 20.65 (15.74)
• Return on equity was 13.8 per cent (10.7)
• Cost/income ratio was 40.1 per cent (43.0)

For further information:

Rune Helland, Head of Investor Relations, tel.: (+47) 23 26 84 00 / 97 71 32 50

Thomas Midteide, Group Executive Vice President of Communications & Sustainability, tel.: (+47) 96 23 20 17

This information is subject to the disclosure requirements pursuant to section 5-12 of the Securities Trading Act.