DNB's profit in the fourth quarter of 2024 was NOK 12 675 million after tax.
This is NOK 3 271 million, or 34.8 per cent, higher than in the corresponding
quarter of 2023.

"The Norwegian economy is doing well, and this is reflected in DNB's results. We
saw a clear change of pace in the summer, and activity has picked up throughout
the autumn. We have entered 2025 with increasing activity in the housing market
and a rising number of customers seeking financing," says CEO of DNB Kjerstin
Braathen.

More customers are choosing DNB

DNB experienced lending growth of 2.5 per cent during the quarter, with positive
developments across all customer groups.

"Solid growth across the board is the result of our efforts to help many
companies both in and outside Norway with their projects. Sound advisory
services help create value for customers as well as for DNB. We see this, among
other things, in our income from areas other than lending, where the fourth
quarter result shows that many customers are seeking our expertise," says
Braathen.

The personal customers segment saw a particularly strong development in the
second half of the year.

"We are experiencing greater interest from customers, and we find that many
people choose us because they see us as a good adviser for customers in
important phases of their lives. Many people are contacting us because of the
changes to the Norwegian Lending Regulations that were introduced at the end of
2024, and we have also gone far in meeting the needs of young people by doubling
the amount in the UNG-milliarden (young billion) campaign," says Braathen.

Interest in saving remains high

The level of saving among Norwegians has been high in recent years, and the net
subscription to mutual funds in DNB reached at an all-time high in December.
Customers increased their mutual fund savings in 51 of the 52 weeks of the
year.

"Our customers are managing their finances well. We have very few defaults, a
low and falling proportion of mortgage customers with interest-only periods, and
we see that many of our customers are able to put money aside for saving. The
number of savings schemes has continued to grow during the year," says
Braathen.

Income from other customer activities than lending and deposits (commission and
fee income) ended at NOK 3 287 million this quarter - driven by good income
growth in DNB Markets and in asset management and pensions. Income was 12.3 per
cent higher than in the corresponding quarter of last year, and the result was
the best ever in the fourth quarter.

DNB Markets expects increased growth in the Norwegian economy

According to DNB Markets' latest forecasts, the level of activity in the
Norwegian economy is expected to increase further in the years ahead, and DNB
has a solid foundation for continued profitable growth. At the same time, the
geopolitical situation is unpredictable.

"Norway is a small, open economy that relies on good access to our most
important export markets. At the same time, it's important to underline that the
Norwegian economy has performed very well in the face of high interest rates and
uncertainty in the global economy - and that at the start of 2025 we have a
robust foundation, with good activity in most industries," says Braathen.

Half of the dividends are channelled back to the community

Due to the strong results, DNB's Board of Directors will propose to the Annual
General Meeting that a dividend of NOK 16.75 per share is paid for 2024, in line
with the Group's ambition to increase the nominal dividend per share.

"Around half of DNB's dividends will be channelled right back to Norwegian
society through the government's ownership, Folketrygdfondet (manager of the
Government Pension Fund Norway) and the DNB Savings Bank Foundation. With the
proposed dividend, for these three players alone, about NOK 12.2 billion will be
channelled back to the community," says Braathen.

Financial key figures for the fourth quarter of 2024 (figures for the
corresponding quarter in 2023):

Pre-tax operating profit before impairment amounted to NOK 13.5 billion (12.3)

Profit was NOK 12.7 billion (9.4)

Earnings per share were NOK 8.21 (5.93)

Return on equity was 19.0 per cent (14.6)

Cost/income ratio was 37.9 per cent (38.5)

Common equity Tier 1 (CET1) capital ratio was 19.4 per cent (18.2)

Financial key figures for the full year 2024 (corresponding figures for 2023):

Pre-tax operating profit before impairment amounted to NOK 56.1 billion (53.1)

Profit was NOK 45.8 billion (39.5)

Earnings per share were NOK 29.34 (24.83)

Return on equity was 17.5 per cent (15.9)

Cost/income ratio was 35.2 per cent (35.0)

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.
(+47) 97 51 67 07

This information is subject to the disclosure requirements pursuant to section 5
-12 of the Securities Trading Act.