DNB ASA - Annual General Meeting

The Annual General Meeting in DNB ASA was held on 30 April 2013 in Oslo.

The General Meeting endorsed the Election Committee's proposal for the election of twelve members and ten deputies to the Supervisory Board, two members to the Election Committee and four members and two deputies to the Control Committee. The General Meeting also approved the Election Committee's proposal for remuneration rates for the Supervisory Board, Control Committee and Election Committee.

In addition, the Annual General Meeting in DNB ASA approved the Board of Directors' proposal for the 2012 annual report and accounts, including the distribution of a dividend for 2012 of NOK 2.10 per share

to registered shareholders as at 30 April 2013, to be distributed as from 13 May 2012. The shares in DNB ASA will be quoted ex-dividend on 2 May 2013.

The General Meeting authorised the Board of Directors of DNB ASA to acquire own shares for a total face value of up to NOK 732,959,487, corresponding to 4.5 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. Acquired shares shall be sold in accordance with regulations on the reduction of capital. The authorisation will be valid for a period of 12 months from 30 April 2013.

An agreement has been signed with the Norwegian 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.

The minutes of the Annual General Meeting will be published on www.dnb.no/agm.