DNB Bank ASA initiates share buy-back programme of up to 1.0 percent of its own shares

DNB Bank ASA has decided to initiate a new share buy-back programme comprisingup to 1.0 percent of the company's own shares, which represents a total of14,776,048 shares. The buy-back programme was adopted based on anauthorisationgiven by the Annual General Meeting held on 29 April 2025. The FinancialSupervisory Authority of Norway has approved the buy-back programme, on thecondition that the total buy-backs do not reduce the company's own funds bymorethan NOK 4,433 million.

The purpose of the buy-back programme is to optimise the company's capitalstructure, by reducing the common equity tier 1 (CET1) ratio by slightly lessthan 0.4 percentage points.

Up to 0.66 percent of the company's own shares, which equals 9,752,192 shares,will be bought back on trading venues, at a price of between NOK 10 and NOK330per share. The buy-backs will, at the latest, end on 20 February 2026. DNBCarnegie will manage the buy-backs on behalf of the company, and will decidethetiming of the purchases independently of the company. The shares that arepurchased will be proposed cancelled at the next Annual General Meeting.

The remaining 0.34 percent of the shares - up to 5,023,856 shares - will atthesame Annual General Meeting be proposed redeemed from the NorwegianGovernment,represented by the Ministry of Trade, Industry and Fisheries ("NFD"), so thatNFD's ownership interest of 34 percent remains unchanged. NFD's shares will beredeemed at a price equal to the average price of the shares bought back ontrading venues, with the addition of an interest compensation.

The buy-back programme will be carried out in accordance with the Market AbuseRegulation and the regulation regarding buy-back programmes and stabilisationmeasures.

The company currently owns 9,752,192 own shares, which were repurchasedearlierthis year.

For further information, please contact Rune Helland, Head of InvestorRelations, on +47 23 26 84 00 or +47 97 71 32 50.

This announcement contains information that is subject to disclosurerequirements pursuant to the Market Abuse Regulation and section 5-12 of theNorwegian Securities Trading Act.

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