DNBNOR - ANNUAL GENERAL MEETING 29 APRIL 2004

The Annual General Meeting in DnB NOR ASA on 29 April 2004 http://www.newsweb.no/index.asp?melding_ID=92443 approved the Board of Directors' proposal for the 2003 annual report and accounts, including the distribution of a dividend for 2003 of NOK 2.20 per share to registered shareholders as at 29 April 2004, to be distributed as from 14 May 2004. 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 1 309 027 207, corresponding to 10 per cent of share capital. After the Board presented its proposal, the share capital has been increased to NOK 13 219 571 140, which means that the authorisation represents 9.9 per cent of the share capital. The shares may be purchased through the stock market and/or from the Ministry of Trade and Industry at market price, or through an organised repurchase from private investors or the Ministry of Trade and Industry. Each share may be purchased at prices between NOK 10 and NOK 70. The authorisation is valid for a period of 12 months from today's date. Acquired shares shall be sold as found appropriate by the Board of Directors, or redeemed following a proposal by the Board of Directors in accordance with regulations on the reduction of capital. The General Meeting approved the amendments to the Articles of Association proposed by the Board of Directors.