DNBNOR - DNB NORD GIVEN THE GREEN LIGHT IN DENMARK

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.