Supplementary Information for Investors and Analysts

2005 Second Quarter Results

DnB NOR Bank ASA

.

Second quarter 2005 · Profits after taxes rose 30 per cent to NOK 2 440 million (NOK 1 876 million in the second quarter of 2004) · The cost/income ratio was reduced to 52.6 per cent (55.7) · Return on equity came to 18.6 per cent (16.4) · Earnings per share were NOK 1.82 (1.42) · The core capital ratio at end-June rose to 7.5 per cent (7.2) Attachment on www.newsweb.no Second quarter 2005 · Profits after taxes rose 30 per cent to NOK 2 440 million (NOK 1 876 million in the second quarter of 2004) · The cost/income ratio was reduced to 52.6 per cent (55.7) · Return on equity came to 18.6 per cent (16.4) · Earnings per share were NOK 1.82 (1.42) · The core capital ratio at end-June rose to 7.5 per cent (7.2) First half 2005 · Profits after taxes rose 15.5 per cent to NOK 4 414 million (NOK 3 822 million in the first half of 2004) · The cost/income ratio was reduced to 53.2 per cent (57.7) · Return on equity came to 17.0 per cent (16.5) · Earnings per share were NOK 3.30 (2.90) Comments by group chief executive Svein Aaser: 'It is a pleasure for me to present the best figures in the history of the Group. This has not just happened, but can be attributed not least to the committed and systematic efforts of all of the Group's employees over a long period.' 'During a period when competition in financial markets has been stronger than ever and spreads, as anticipated, have been under pressure, there has nonetheless been an increase in total income. This shows that diversity and a broad distribution are DnB NOR's strengths. I am also pleased to note the renewed growth in corporate market activity, especially within shipping, which is our key international focus area,' says Aaser. 'Write-downs on loans are at a low level. Though this partly reflects the current healthy Norwegian economy, it is not least due to long-term, professional risk management. We have cut costs wherever we can, and this process will continue in the next quarters,' he says. 'All branches have now been reprofiled. The new design, along with new customer loyalty programmes, has been well received by customers. Customers also benefit from the merger through better interest rate terms, which has led to an appreciable increase in market competition. The merger is on schedule, and integration efforts are progressing as planned,' says group chief executive Svein Aaser. Results are reported in accordance with international accounting principles (IFRS). The transition to IFRS has no impact on the formal core capital ratio. The second quarter report, including tables, can be downloaded from www.dnbnor.com. Press release, second quarter report, presentation and Supplementary Informastion for Investors and Analysts can be found on www.newsweb.no

Second quarter 2005 · Profits after taxes rose 30 per cent to NOK 2 440 million (NOK 1 876 million in the second quarter of 2004) · The cost/income ratio was reduced to 52.6 per cent (55.7) · Return on equity came to 18.6 per cent (16.4) · Earnings per share were NOK 1.82 (1.42) · The core capital ratio at end-June rose to 7.5 per cent (7.2) Attachment on www.newsweb.no Second quarter 2005 · Profits after taxes rose 30 per cent to NOK 2 440 million (NOK 1 876 million in the second quarter of 2004) · The cost/income ratio was reduced to 52.6 per cent (55.7) · Return on equity came to 18.6 per cent (16.4) · Earnings per share were NOK 1.82 (1.42) · The core capital ratio at end-June rose to 7.5 per cent (7.2) First half 2005 · Profits after taxes rose 15.5 per cent to NOK 4 414 million (NOK 3 822 million in the first half of 2004) · The cost/income ratio was reduced to 53.2 per cent (57.7) · Return on equity came to 17.0 per cent (16.5) · Earnings per share were NOK 3.30 (2.90) Comments by group chief executive Svein Aaser: 'It is a pleasure for me to present the best figures in the history of the Group. This has not just happened, but can be attributed not least to the committed and systematic efforts of all of the Group's employees over a long period.' 'During a period when competition in financial markets has been stronger than ever and spreads, as anticipated, have been under pressure, there has nonetheless been an increase in total income. This shows that diversity and a broad distribution are DnB NOR's strengths. I am also pleased to note the renewed growth in corporate market activity, especially within shipping, which is our key international focus area,' says Aaser. 'Write-downs on loans are at a low level. Though this partly reflects the current healthy Norwegian economy, it is not least due to long-term, professional risk management. We have cut costs wherever we can, and this process will continue in the next quarters,' he says. 'All branches have now been reprofiled. The new design, along with new customer loyalty programmes, has been well received by customers. Customers also benefit from the merger through better interest rate terms, which has led to an appreciable increase in market competition. The merger is on schedule, and integration efforts are progressing as planned,' says group chief executive Svein Aaser. Results are reported in accordance with international accounting principles (IFRS). The transition to IFRS has no impact on the formal core capital ratio. The second quarter report, including tables, can be downloaded from www.dnbnor.com. Press release, second quarter report, presentation and Supplementary Informastion for Investors and Analysts can be found on www.newsweb.no http://www.newsweb.no/index.asp?melding_ID=111692

DnB NOR will reassign responsibilities as Bente A. Landsnes, group executive vice president and a member of the group management team, will resign from the Group to become president and CEO of Oslo Børs. DnB NOR will reassign responsibilities as Bente A. Landsnes, group executive vice president and a member of the group management team, will resign from the Group to become president and CEO of Oslo Børs. Leif Teksum, group executive vice president, will take over responsibility for payment services in addition his current responsibilities as head of Corporate Banking. Helge Forfang, group executive vice president, will be responsible for IT while retaining his current responsibilities as head of risk management. The changes will take effect as of 19 September 2005.

DnB NOR will reassign responsibilities as Bente A. Landsnes, group executive vice president and a member of the group management team, will resign from the Group to become president and CEO of Oslo Børs. DnB NOR will reassign responsibilities as Bente A. Landsnes, group executive vice president and a member of the group management team, will resign from the Group to become president and CEO of Oslo Børs. Leif Teksum, group executive vice president, will take over responsibility for payment services in addition his current responsibilities as head of Corporate Banking. Helge Forfang, group executive vice president, will be responsible for IT while retaining his current responsibilities as head of risk management. The changes will take effect as of 19 September 2005. http://www.newsweb.no/index.asp?melding_ID=113034

DnB NOR and Gjensidige Forsikring have agreed to continue their cooperation on a new business footing and will at the same time terminate the strategic cooperation agreement between the companies. DnB NOR and Gjensidige Forsikring have agreed to continue their cooperation on a new business footing and will at the same time terminate the strategic cooperation agreement between the companies. In connection with the DnB NOR merger, Gjensidige and DnB NOR entered into a strategic cooperation agreement based on the cooperation between the former Gjensidige NOR Forsikring and Gjensidige NOR ASA. The agreement included two-way referrals, cooperation on portals and distribution. It has proven difficult to establish a common platform for further developing this cooperation, which will therefore be terminated. Gjensidige and DnB NOR currently have extensive business cooperation and mutual customer relationships in a number of areas, which will not be affected by the termination of the strategic cooperation agreement. The companies have agreed to extend their business cooperation, including an agreement whereby DnB NOR will sell personal insurance contracts for Gjensidige.

DnB NOR ASA - transfer of shares in DnB NOR Asset Management Holding (Sweden) AB to DnB NOR Kapitalforvaltning Holding AS Today, 26 September 2005, DnB NOR ASA has signed an agreement to transfer all shares in its wholly owned subsidiary DnB NOR Asset Management Holding (Sweden) AB (a total of 1,351,000 shares) to DnB NOR Kapitalforvaltning Holding AS, another wholly owned subsidiary of DnB NOR ASA. The transfer is in compliance with prevailing rules on intra-group transactions. Compensation will total NOK 1,087,916,000, corresponding to NOK 805.267 per share. The transfer will be effective as of 1 January 2005, conditional on the necessary permits from public authorities in Norway and abroad. This statement has been issued in compliance with Section 3- 1, first paragraph, second sentence of the Securities Trading Act. The transfer of shares in DnB NOR Asset Management Holding (Sweden) AB will have no impact on DnB NOR ASA's financial position.