DNB - Acquisition of shares by primary insiders

 

Today, 2 May 2012, a total of 488,259 shares in DNB ASA were acquired on behalf of certain leading employees and risk takers. The purchase was executed collectively at an average price per share of NOK 61.9962.

The shares were acquired in accordance with the regulation on remuneration in financial institutions, which states that at least half of variable remuneration shall be awarded as shares and be subject to certain lock-up mechanisms.

The employees have been given a compensation for decreased share value resulting from the lock-up at approximately 6.9%.

The following primary insiders of DNB ASA have increased their shareholding:

Name Position in DNB No. of New holding shares purchased Rune Group chief executive officer 6,952  30,338 Bjerke Bjørn Erik Chief financial officer 5,162  33,529 Næss Trond Group executive vice president 3,747  8,629 Bentestuen Marketing,  Communications and e -Business Ottar Group executive vice president 12,434  161,395 Ertzeid Markets Liv Group executive vice president 3,578  12,233 Fiksdal Operations Solveig Group executive vice president HR 3,416  7,129 Hellebust Cathrine Group executive vice president IT 3,536  20,055 Klouman Kari Olrud Group executive vice president 3,043  12,135 Moen Corporate Centre Karin Bing Group executive vice president 3,656  11,496 Orgland Retail Banking Tom Rathke Group executive vice president 4,300  18,663 Insurance and Asset Management Leif Group executive vice president 5,040  53,276 Teksum Large Corporates and International Halfdan Executive Vice President Accounting 1,118 2,460 Bakøy Geir Executive Vice President Corporate 1,285 2,382 Oddvar Center Bergvoll

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