DNB is today making changes to its organisation and Group Management team.

"In DNB, a total of 10 964 employees put in a tremendous effort every day. Now
we are reorganising DNB to be ready for the next stage of our journey, to
deliver even better value for our customers," says Group Chief Executive Officer
(CEO) Kjerstin Braathen.

The following changes apply from today, 6 May:

  · Business Banking Norway will be established as a separate business area.
Head of the unit, Rasmus Aage Figenschou, will become part of the Group
Management team.
  · Maria Ervik Løvold will take over as Group Executive Vice President of
Personal Banking.
  · A new support unit will be set up, People & Communication, which will be led
by Even Westerveld.
  · Eline Skramstad will take over as Group Executive Vice President of Group
Risk Management.

"With the new line-up in our Group Management team, we are making our customer
focus clearer and linking banking and technology even more closely together. In
order to deliver the best services to our customers in the future as well, we
must develop even faster. These changes will contribute to that," says Braathen.

The new Group Executive Vice President of Personal Banking, Maria Ervik Løvold,
has extensive experience from both the technology environments and the customer
environments in the bank.

"Maria has contributed significantly to reducing the technical complexity in
DNB, and at the same time she already knows the personal customer market well
from previous roles in DNB. I feel confident that she will contribute to
creating new, good customer experiences for over two million DNB customers
across the country," says Braathen.

The technical merger of Sbanken has now been completed, and the next phase is
well underway.

"I'm looking forward to embarking on the next chapter for the personal customer
area, and to use DNB's muscles to build momentum for Sbanken as a challenger in
the banking market," says Løvold.

As of today, Ingjerd Blekeli Spiten, Sverre Krog and Anne Sigrun Moen will no
longer be members of DNB's Group Management team.

"I would like to extend a big thank you to Ingjerd, Sverre and Anne Sigrun. They
have made valuable contributions both to good teamwork and to good results in
the years we have worked together," says Braathen.

DNB's new Group Management team as of 6 May:

Group Chief Executive, CEO: Kjerstin R. Braathen

Group Finance: Ida Lerner

Wealth Management: Håkon Hansen

Markets: Alexander Opstad

Personal Banking: Maria Ervik Løvold

Business Banking Norway Rasmus Aage T. Figenschou

Large Corporates & International: Harald Serck-Hanssen

People & Communication: Even Graff Westerveld

Products, Data & Innovation: Per Kristian Næss-Fladseth

Group Compliance: Fredrik Berger

Group Risk Management: Eline Skramstad

Technology & Services: Øyvind Trangerud (acting)


For further information:

Rune Helland, Head of Investor Relations, tel.: (+47) 23 26 84 00 / (+47) 97 71
32 50

Kari Vartdal Riise, Executive Vice President of Communications (acting), tel. 97
51 67 07