Nordlandsbanken

DnB NOR ASA hereby reports that Gjensidige NOR Spareforsikring sold 2,222,944 shares in DnB Holding ASA at a price of NOK 43.28 on 4 December 2003. Following the transaction, Gjensidige NOR Spareforsikring has no holding of DnB shares. Gjensidige NOR Spareforsikring is a wholly-owned subsidiary of DnB NOR ASA.

Attached Articles of Association of DnB NOR ASA approved by the Banking, Insurance and Securities Commission on 3 December 2003.

Reference is made to announcement from the company published today at 08.18 hours. Oslo Børs has received certificate of registration from DnB NOR ASA.

See the announcement issued at 2.12.2003 at ticker DNB and GNO. Until the open price tender offer is completed, price quotation will be subject to special observation.

DnB NOR launches a new web site in Norwegian and English to support the DnB NOR Group's new role and strong position in the Norwegian financial market. Yesterday, 4 December 2003, DnB NOR was formally established as a financial services group. Today, DnB NOR has been listed under its new name on Oslo Børs (the Oslo Stock Exchange). DnB NOR launches a new web site in Norwegian and English to support the DnB NOR Group's new role and strong position in the Norwegian financial market. Yesterday, 4 December 2003, DnB NOR was formally established as a financial services group. Today, DnB NOR has been listed under its new name on Oslo Børs (the Oslo Stock Exchange). The new web site initially targets investors, the press and others requiring current and updated information on the DnB NOR Group. The web site will include practical and useful information about financial aspects, management, governing bodies, contact persons for investors, analysts and the press, as well as information about sponsoring, the trainee programme and a range of other subjects. The pages will be continually updated and expanded in step with developments in the DnB NOR Group. Other web sites and customer portals in the DnB NOR Group include DnB.no, gjensidigenor.no, vital.no, postbanken.no, nordlandsbanken.no and cresco.no.

Se announcement issued at 8:12. Oslo Børs has decided on the basis of this announcement to cease special observation of DNB NOR.

Reference is made to the letter from the Ministry of http://www.newsweb.no/index.asp?melding_ID=87468 Finance dated 28 November 2003, granting a concession for a merger between Den norske Bank ASA and Union Bank of Norway ASA. According to the letter, the merger between the two banks cannot be implemented until the Ministry has considered whether a decision should be made concerning the duty to pay a fee etc. to the relevant Guarantee Fund pursuant to Section 2-9, third paragraph, of the Guarantee Schemes Act. Reference is made to the letter from the Ministry of Finance dated 28 November 2003, granting a concession for a merger between Den norske Bank ASA and Union Bank of Norway ASA. According to the letter, the merger between the two banks cannot be implemented until the Ministry has considered whether a decision should be made concerning the duty to pay a fee etc. to the relevant Guarantee Fund pursuant to Section 2-9, third paragraph, of the Guarantee Schemes Act. According to a letter dated 19 December 2003, the Ministry of Finance has considered the matter and gives its approval to the implementation of the merger prior to the combination of the Guarantee Funds without payment of additional fees on the following terms: DnB NOR Bank ASA is required to issue a guarantee to the Savings Banks' Guarantee Fund corresponding to the increase in the Fund's liabilities resulting from the merger between Den norske Bank ASA and Union Bank of Norway ASA. The guarantee can only be exercised after the paid-in capital has been used and the ordinary guarantee liabilities pursuant to the Guarantee Schemes Act have been met. A further condition is that the Commercial Banks' Guarantee Fund must issue an irrevocable guarantee to the Savings Banks' Guarantee Fund for an amount corresponding to minimum three times the ordinary fee payable by Den norske Bank ASA in 2004 if the bank had still been a member of the Commercial Banks' Guarantee Fund.

Restated 2004 figures

The merger between Union Bank of Norway ASA and Den norske http://www.newsweb.no/index.asp?melding_ID=88093 Bank ASA, both wholly-owned subsidiaries of DnB NOR ASA, was registered in the Register of Business Enterprises today, 19 January 2004. As of the same date, the merged bank will change its name to DnB NOR Bank ASA. The merger between Union Bank of Norway ASA and Den norske Bank ASA, both wholly-owned subsidiaries of DnB NOR ASA, was registered in the Register of Business Enterprises today, 19 January 2004. As of the same date, the merged bank will change its name to DnB NOR Bank ASA. Union Bank of Norway ASA is the acquiring company in the merger. All assets, rights and obligations of Den norske Bank ASA were transferred to DnB NOR Bank ASA at the time of registration in the Register of Business Enterprises. Bonds issued by Den norske Bank ASA will continue as bonds in DnB NOR Bank ASA.