Stock and press releases

The DnB NOR Group's annual report for 2003 has been http://www.newsweb.no/index.asp?melding_ID=90847 published on www.newsweb.no The report will also be available on www.dnbnor.com, under 'Financial information'.

Enclosed is the proposal from the Board of Directors in DnB http://www.newsweb.no/index.asp?melding_ID=90723 NOR Bank ASA for the annual report and accounts for 2003 for Den norske Bank ASA and Union Bank of Norway ASA as well as auditor's reports for both companies. Attachments on newsweb.no.

The merger between Vital Forsikring ASA and Gjensidige NOR http://www.newsweb.no/index.asp?melding_ID=90147 Spareforsikring ASA, both wholly-owned subsidiaries of DnB NOR ASA, was registered today in the Norwegian Register of Business Enterprises under the name of Vital Forsikring ASA. The merger between Vital Forsikring ASA and Gjensidige NOR Spareforsikring ASA, both wholly-owned subsidiaries of DnB NOR ASA, was registered today in the Norwegian Register of Business Enterprises under the name of Vital Forsikring ASA. Vital Forsikring ASA is the acquiring company in the merger. Gjensidige NOR Spareforsikring ASA's assets, rights and obligations were transferred to Vital Forsikring ASA on the date of registration of the merger in the Register of Business Enterprises.

At the General Meeting to be held on 27 April 2004, the http://www.newsweb.no/index.asp?melding_ID=90108 Board of Directors in DnB NOR ASA will request authorisation to repurchase shares. Pursuant to the authorisation, the Board will be authorised 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. At the General Meeting to be held on 27 April 2004, the Board of Directors in DnB NOR ASA will request authorisation to repurchase shares. Pursuant to the authorisation, the Board will be authorised 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. 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 27 April 2004. 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.

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Vital Forsikring ASA