Sparebankstiftelsen DnB NOR has sold 18.5 million shares in DnB NOR ASA

| Source: DnB NOR Bank ASA DnB NOR Bank ASA 

Sparebankstiftelsen DnB NOR has sold 18.5 million shares in DnB NOR ASA to
finance targeted participation in the DnB NOR rights issue. 

Reference is made to the stock exchange notice of 23 October 2009.
Sparebankstiftelsen DnB NOR (”Sparebankstiftelsen”) has sold 18,500,000 shares
in DnB NOR ASA at NOK 68.50 per share. ABG Sundal Collier and DnB NOR Markets
were joint bookrunners in the sales process. 

After the transaction, Sparebankstiftelsen owns 133,344,864 shares in DnB NOR
ASA (~10% of total outstanding shares). 

The proceeds from the placing will be used to subscribe for new shares in the
upcoming rights issue in DnB NOR. 

Contact persons:
Frode Helgerud, CEO, mobile +47 90 51 85 24
Arne Huser, Director Financial Investments, mobile +47 95 75 38 62