Stock and press releases

07:30 CET – result release
DNB’s 4Q 2014 results and preliminary results for 2014 will be released at 07:30 am CET on Thursday, 5 Feb 2015, and we would like to invite you to the following presentations:

09:30 CET – press conference & live web-TV
A press conference (in Norwegian) will be held on Thursday, 5 Feb at 9:30 am CET at DNB’s head office in Bjørvika, Dronning Eufemias gate 30, Oslo. For those who are unable to attend the presentation in Bjørvika, there will be a live web-TV broadcast of the conference (in Norwegian). For further information, please visit www.dnb.no/ir. Please register your attendance in Oslo at [email protected]

14:00 CET – investors and analyst conference call & phone-cast
A conference call for analysts will be held on Thursday, 5 Feb at 2:00 pm CET. To attend the conference call we kindly ask you to dial in 10 minutes before start +47 21 56 33 18 or international: +44 (0) 20 3003 2666 or US+1 212 999 6659. Password: DNB Q4. You can also attend the call by listen only mode at the phone-cast link: http://presenter.qbrick.com/?pguid=f13e010d-e539-4bda-be92-e982cdabd1ba. A replay of the phone-cast will be available after the call (same link as above).

Friday 6 Feb 0730 for 0745 GMT – analyst breakfast meeting in London
An analyst breakfast meeting will be held in London on Friday, 6 Feb at 0730 am for 0745 am (local time) at London Executive Offices, No. 1 Cornhill., London EC3V 3ND. Please register your attendance in London at: [email protected]

For further information, please contact:
Per Sagbakken, head of Investor Relations, phone +47 23 26 84 00 or
Jan Erik Gjerland, IR, e-mail: [email protected], phone +47 23 26 84 08.

In the fourth quarter of 2014, the DNB Group will record a positive effect of basis swaps connected to funding of approximately NOK 508 million. For the full year 2014, there will be a positive effect of NOK 394 million.

In the fourth quarter of 2013, there was a negative effect of basis swaps of NOK 819 million, while there was a negative effect of approximately NOK 1 364 million for the full year 2013.

Basis swaps are derivative contracts entered into in connection with long-term funding in international capital markets where the relevant currency is converted to Norwegian kroner. These swaps are hedging instruments, and over the lifetime of the derivatives the mark-to-market adjustments will have zero effect.

For further information, please contact Investor Relations in DNB:
Per Sagbakken: +47 23268400
Jan Erik Gjerland: +47 23268408

DNB will hold a telephone conference on Friday, 19 December 2014 at 14:00 CET (1:00 pm London time). There will be a broad presentation of exposures in the business areas: Oil & Gas, Offshore and Oilfield Services.

Please call in 10 minutes before the start of the conference on:
+47 21 56 33 18 or
+44 (0) 808 109 0700 (UK) or
+1 212 999 6659 (US based).
Password: DNB - Investor Relation

It is also possible to listen in via the following link: http://presenter.qbrick.com/?pguid=53009e7f-e561-4ab9-853f-47be051dac92

To ask questions, please call in in advance. The conference may also be replayed via the same link.

The presentation material is available at www.dnb.no/ir presentations, and attached to this mail.

Contacts
Per Sagbakken, head of IR, +47 23 26 84 00
Jan Erik Gjerland, IR, +47 23 26 84 08

DNB will hold a telephone conference on Friday, 19 December 2014 at 14:00 CET (1:00 pm London time). There will be a broad presentation of exposures in the business areas: Oil & Gas, Offshore and Oilfield Services.

Please call in 10 minutes before the start of the conference on:
+47 21 56 33 18 or
+44 (0) 808 109 0700 (UK) or
+1 212 999 6659 (US based).
Password: DNB - Investor Relation

It will also be possible to listen in via the following link: http://presenter.qbrick.com/?pguid=53009e7f-e561-4ab9-853f-47be051dac92

To ask questions you must call in in advance. The conference can also be replayed via the same link.

The presentation material will be available at www.dnb.no/ir approximately 30 minutes before the start of the conference.

Contacts
Per Sagbakken, head of IR, +47 23 26 84 00
Jan Erik Gjerland, IR, +47 23 26 84 08

(London, 27 Nov. 2014) DNB has delivered on the promise of reaching a return on equity (ROE) above 12 per cent, despite a strong capital build-up. Towards 2017, DNB will focus on capital and operational efficiency, asset quality and capital-light products to secure a competitive ROE and increased dividends.

“We have proven that our target of 12 per cent ROE is both ambitious and realistic. DNB’s plan is working, in terms of capital efficiency, cost control and income generation. We are now raising the bar for our cost reduction ambitions towards 2017, from a cost/income ratio below 45 per cent to approximately 40 per cent,” says CEO of DNB, Rune Bjerke.

DNB expects to reach the capital requirement of 13 per cent determined by Norwegian regulators in 2016, and DNB has set a minimum of 14 per cent as a new capital level. DNB’s ambition is to gradually increase the dividend payout ratio from the current minimum 25 per cent, starting in 2014. The new long-term ambition, once the capital level is reached, is to pay out above 50 per cent.

“The Norwegian economy has remained strong throughout the cycle and will not be dramatically hit by a prolonged period of low oil prices. Petroleum investments will remain high also in the future, but will decline from today’s unprecedented high level. Our credit portfolio is robust, as shown by the latest EBA stress test, ranking DNB as one of the most solid banks in Europe,” says Rune Bjerke.

DNB’s financial targets towards 2017:

Return on equity (ROE):         Above 12 %

CET1 capital ratio:                 Minimum 14 % as capital level from 2016

Cost/income ratio:                 Approximately 40 % for 2017

For more information:

Per Sagbakken, head of Investor Relations, mobile +47 90 66 11 59

Thomas Midteide, Group EVP Corporate Communications, mobile +47 962 32 017

See the presentation from the CMD on webcast here from 12.30 am GMT.

The presentations from the event are attached or available on www.dnb.no/ir

DNB is pleased to invite you to our

CAPITAL MARKETS DAY

Date: Thursday 27 November 2014

Time: 12:30 pm – 4:30 pm including Q&A

Location: Hotel Claridge's, Brook Street, Mayfair, London W1K 4HR, England

Registration & lunch from 11:30 am – 12:30 pm

We will present important issues for DNB in today’s rapidly changing business environment. Topics will include operating environment, financial ambitions, capital management and business units’ updates from Wealth Management and SME Banking.

REGISTRATION

We encourage you to register online at https://www.deltager.no/dnbcmd2014.
The closing date for registration is 24 November 2014.
The event will also be webcasted.

We look forward to seeing you in London.

On behalf of DNB ASA,
Per Sagbakken,
Head of Investor Relations