DNBNOR - PURSUANT TO SECTION 3-1 OF THE SECURITIES TRADING ACT

DnB NOR ASA hereby reports that Gjensidige NOR Spareforsikring sold 2,222,944 shares in DnB Holding ASA at a price of NOK 43.28 on 4 December 2003. Following the transaction, Gjensidige NOR Spareforsikring has no holding of DnB shares. Gjensidige NOR Spareforsikring is a wholly-owned subsidiary of DnB NOR ASA.