Supplementary Information for Investors and Analysts

2006 Third Quarter Results

On 6 December 2005, the Danish Financial Supervisory Authority (Finanstilsynet) granted Bank DnB NORD A/S permission to engage in banking operations in Denmark. Complete statement on www.newsweb.no On 6 December 2005, the Danish Financial Supervisory Authority (Finanstilsynet) granted Bank DnB NORD A/S permission to engage in banking operations in Denmark. This is a further step in the process towards the establishment of DnB NORD. DnB NOR will establish DnB NORD in cooperation with the German financial services group NORD/LB. The two groups will own 51 and 49 per cent respectively of the new company, which will offer banking services in Finland, Denmark, Lithuania, Latvia, Estonia and Poland. The company's head office will be located in Denmark and the intention is to start operations on 1 January 2006. Corresponding permissions are required from Norwegian and Polish authorities.

Financial Calendar DnB NOR ASA 2006 Preliminary results 2005 23 February Annual general meeting 25 April Ex-dividend date 26 April First quarter 2006 11 May Second quarter 2006 10 August Third quarter 2006 2 November http://www.newsweb.no/index.asp?melding_ID=118801

On 16 December 2005, the Norwegian Ministry of Finance granted DnB NOR Bank ASA permission to acquire 51 per cent of Bank DnB NORD AS. Full statement on newsweb.no On 16 December 2005, the Norwegian Ministry of Finance granted DnB NOR Bank ASA permission to acquire 51 per cent of Bank DnB NORD AS. Corresponding permissions have previously been granted by the authorities in Denmark, Poland and the Baltic states. The necessary permissions are thus in place for the establishment of DnB NORD as of 1 January 2006. DnB NOR will establish DnB NORD in cooperation with the German financial services group NORD/LB. The two groups will own 51 and 49 per cent respectively of the new company, which will offer banking services in Finland, Denmark, Lithuania, Latvia, Estonia and Poland. The company's head office will be located in Denmark. The permission is subject to the following conditions: - Kredittilsynet (the Financial Supervisory Authority of Norway) may impose special reporting requirements for operations in Bank DnB NORD AS - The Ministry of Finance may change or stipulate new terms in line with considerations to be met by the Financial Institutions Act. http://www.newsweb.no/index.asp?melding_ID=118755

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Financial Calendar DnB NOR ASA 2006 Preliminary results 2005 23 February Annual general meeting 25 April Ex-dividend date 26 April First quarter 2006 11 May Second quarter 2006 10 August Third quarter 2006 2 November

On 16 December 2005, the Norwegian Ministry of Finance granted DnB NOR Bank ASA permission to acquire 51 per cent of Bank DnB NORD AS. Full statement on newsweb.no On 16 December 2005, the Norwegian Ministry of Finance granted DnB NOR Bank ASA permission to acquire 51 per cent of Bank DnB NORD AS. Corresponding permissions have previously been granted by the authorities in Denmark, Poland and the Baltic states. The necessary permissions are thus in place for the establishment of DnB NORD as of 1 January 2006. DnB NOR will establish DnB NORD in cooperation with the German financial services group NORD/LB. The two groups will own 51 and 49 per cent respectively of the new company, which will offer banking services in Finland, Denmark, Lithuania, Latvia, Estonia and Poland. The company's head office will be located in Denmark. The permission is subject to the following conditions: - Kredittilsynet (the Financial Supervisory Authority of Norway) may impose special reporting requirements for operations in Bank DnB NORD AS - The Ministry of Finance may change or stipulate new terms in line with considerations to be met by the Financial Institutions Act. http://www.newsweb.no/index.asp?melding_ID=118755

As of today, 2 January 2006, the new bank for Northeastern Europe, DnB NORD, is in operation. The bank is a joint venture between DnB NOR and the German bank Norddeutsche Landesbank (NORD/LB). DnB NOR owns 51 percent of the new company. Complete statement on www.newsweb.no As of today, 2 January 2006, the new bank for Northeastern Europe, DnB NORD, is in operation. The bank is a joint venture between DnB NOR and the German bank Norddeutsche Landesbank (NORD/LB). DnB NOR owns 51 percent of the new company. 'Backed by the expertise and strength of the two parent banks, DnB NORD can become one of the most attractive providers of financial services to households and businesses throughout the region,' says Svein Aaser, group chief executive in DnB NOR. The cooperation implies that the two banks' activities in Denmark, Finland, Poland, Estonia, Latvia and Lithuania will be gathered under one umbrella and the brand name DnB NORD. The new bank, headquartered in Copenhagen, will offer a broad range of financial products and services. From day one, it has more than 550,000 customers, around 1,500 employees working in 111 branches and total assets of around EUR 2.5 billion. DnB NORD will be the third largest bank in Lithuania and the fifth largest in Latvia. Further expansion 'The countries around the Baltic Sea have a total population of 82 million. We see a great potential for growth and development in one of Europe's most dynamic regions,' says Svein Aaser. Cooperation Sven Herlyn, former executive vice president of NORD/LB and head of its Northeastern Europe division, has been appointed CEO of the new bank. Svein Aaser, group chief executive in DnB NOR, is chairman of DnB NORD's Board of Directors. Swedish operations As part of the agreement between the two banks, DnB NOR took over NORD/LB's operations in Sweden last autumn. After the takeover, DnB NOR has around 150 employees in Sweden and engages in corporate and asset management operations.

On 17 January 2006, the Norwegian Ministry of Finance granted DnB NOR Bank ASA permission to acquire approximately 97.3 per cent of the shares in the Russian Monchebank. In addition, the Ministry granted the bank permission to acquire the remaining shares in Monchebank provided that DnB NOR Bank ASA's offer to purchase the shares is accepted. A permission from the Russian central bank is still pending.

On 17 January 2006, the Norwegian Ministry of Finance granted DnB NOR Bank ASA permission to acquire approximately 97.3 per cent of the shares in the Russian Monchebank. In addition, the Ministry granted the bank permission to acquire the remaining shares in Monchebank provided that DnB NOR Bank ASA's offer to purchase the shares is accepted. A permission from the Russian central bank is still pending. http://www.newsweb.no/index.asp?melding_ID=120143