DISCLOSURE OF SHAREHOLDING

DISCLOSURE OF SHAREHOLDING

Oslo Børs has received Report of Significant Shareholdings from Fidelity Investments Ltd. The 5% threshold was crossed by means of sales of 1,289,900 shares in DnBNOR ASA on the stock exchange. The date of which the 5% threshold was crossed is 10 April 2007. The new holding is 66,361,628 equal to 4,96%.

ANNUAL GENERAL MEETING 24 APRIL 2007

ANNUAL GENERAL MEETING 24 APRIL 2007

The Annual General Meeting in DnB NOR ASA on 24 April 2007 approved the Board of Directors' proposal for the 2006 annual report and accounts, including the distribution of a dividend for 2006 of NOK 4.00 per share to registered shareholders as at 24 April 2007, to be distributed as from 7 May 2007. The shares in DnB NOR ASA will be quoted ex-dividend on 25 April 2007. Complete statement on www.newsweb.no The Annual General Meeting in DnB NOR ASA on 24 April 2007 approved the Board of Directors' proposal for the 2006 annual report and accounts, including the distribution of a dividend for 2006 of NOK 4.00 per share to registered shareholders as at 24 April 2007, to be distributed as from 7 May 2007. The shares in DnB NOR ASA will be quoted ex-dividend on 25 April 2007. The Annual General Meeting adopted a resolution to reduce the share capital of DnB NOR ASA by NOK 42,212,830, from NOK 13,368,748,980 to NOK 13,326,536,150 through (i) the redemption of 2,786,047 own shares and (ii) the redemption of 1,435,236 shares held by the Norwegian government, represented by the Ministry of Trade and Industry, against payment of NOK 108,244,044.62. The capital reduction will be carried out in accordance with the terms of the authorisation issued by the General Meeting of DnB NOR ASA on 25 April 2006 and the terms in the agreement with the Norwegian government, represented by the Ministry of Trade and Industry, of 24 March 2006. In connection with the reduction of capital, the share premium reserve will be reduced by NOK 266,539,371.41, from NOK 11,934,217,556.69 to NOK 11,667,678,185.28 upon payment of NOK 93,891,684.62 to the government and the transfer of NOK 172,647,686.79 to other equity. The General Meeting approved the amendment to Article 2-1 of the Articles of Association as follows: 'The share capital of the company is NOK 13,326,536,150 divided into 1,332,653,615 shares of NOK 10 each.' Kredittilsynet (the Financial Supervisory Authority of Norway) has approved the amendment. The Annual General Meeting authorised the Board of Directors of DnB NOR ASA to acquire own shares for a total face value of up to NOK 1,332,653,615, corresponding to 10 per cent of share capital. The shares may be purchased through the stock market. Each share may be purchased at a price between NOK 10 and NOK 150. The authorisation will be valid for a period of 12 months from 24 April 2007. Acquired shares shall be sold in accordance with regulations on the reduction of capital. An agreement has been signed with the Ministry of Trade and Industry for the redemption of a proportional share of government holdings to ensure that the government's percentage ownership does not change as a result of the redemption of repurchased shares.

CHANGES TO GROUP MANAGEMENT

CHANGES TO GROUP MANAGEMENT

Tom Rathke (50) has been appointed new managing director of Vital and group executive vice president in DnB NOR. Evlyn Raknerud, group executive vice president, Human Resources and Group Services, has decided to retire this August at the age of 60 in accordance with her pension agreement. Complete statement on www.newsweb.no Tom Rathke (50) has been appointed new managing director of Vital and group executive vice president in DnB NOR. Evlyn Raknerud, group executive vice president, Human Resources and Group Services, has decided to retire this August at the age of 60 in accordance with her pension agreement. Tom Rathke leaves his position as financial director in Vital and commences as managing director today. He will manage Norway's largest pension company with total assets of NOK 223 billion, 950 employees and more than one million policyholders. Up till 2004, he was head of the mutual fund company Avanse. He has held managerial positions in If Skadeforsikring, Vesta, SAS and Dyno. Tom Rathke is a graduate of BI Norwegian School of Management and has a Master's Degree from the University of Wisconsin and has an Advanced Management Program from Harvard University. Rune Bjerke, DnB NOR's group chief executive, is very pleased that the best applicant was an internal candidate. 'We have completed a very thorough process and considered both external and internal candidates. It is then pleasing that the best candidate was found internally in Vital. I look forward to a fruitful cooperation with Tom and am sure that he will head Vital in an excellent manner in future,' says Rune Bjerke. Evlyn Raknerud is retiring after 40 years in Postbanken, DnB and DnB NOR. She was chief employee representative of the Finance Sector Union in DnC and DnB during the banking crisis. In recent years, she has been a member of the group management team in DnB NOR and the former DnB. Group chief executive Rune Bjerke emphasises the important role that Evlyn Raknerud has had in the Norwegian financial industry and DnB NOR. 'During the banking crisis in the late 1980s, Evelyn played a key role as employee representative. Her broad experience has been invaluable, ensuring that both fellow workers and employee representatives experienced the DnB NOR merger as a successful operation.'