On 21 October 2020 the Board of Directors of DNB ASA decided, in a board
meeting, to call an Extraordinary General Meeting on 30 November 2020 for the
consideration of the following items:

1) Approval of merger plan

On 23 December 2019, the company announced that the DNB Group had initiated a
merger process between DNB ASA and DNB Bank ASA. On 2 July 2020, it was
announced that the Ministry of Finance had given its approval to change the
group structure in order for DNB Bank ASA to be the new parent company.

The Board of Directors of DNB ASA and DNB Bank ASA have signed a joint merger
plan, in which it is proposed that the companies' extraordinary General Meetings
approve a merger of the two companies through a reverse subsidiary merger,
involving the transfer of all DNB ASA's assets, rights and obligations to DNB
Bank ASA. Once the merger has been implemented, DNB ASA will be dissolved. At
the same time, the shareholders of DNB ASA will receive one share in DNB Bank
ASA for each share they own in DNB ASA, meaning that they will collectively hold
all the shares in DNB Bank ASA. The implementation of the merger is, among other
things, conditional on obtaining the necessary approvals from relevant
authorities. The merger plan with annexes, including the Boards of Directors'
joint report on the merger, will soon be made available
here (https://www.dnb.no/en/agm). The merger is scheduled to be completed mid
-2021, with accounting and tax effect from 1 January 2021.

2) Authorisation to the Board of Directors to decide the distribution of
dividends for the accounting year of 2019

The Board of Directors of DNB ASA proposes that the Extraordinary General
Meeting authorises the Board of Directors to decide the distribution of
dividends for the accounting year of 2019, with an upper limit of NOK 9 per
share. This dividend limit is in accordance with the allocation of the annual
profit for 2019, which was approved by the company's Annual General Meeting
earlier this year. It is proposed that the authorisation shall apply from 1
January 2021 until the Annual General Meeting in 2021. During this period, the
Board of Directors will consider the basis for the payment of dividends for
2019, including the company's financial position, the economic outlook and any
new expectations from the authorities relating to the payment of dividends.

3) Authorisation to the Board of Directors to buy back shares

The Board of Directors of DNB ASA proposes that the Extraordinary General
Meeting authorises the Board of Directors to buy back shares representing up to
4.0 per cent of the company's share capital. The shares shall be purchased in
the open market, except for shares that are repurchased from the Ministry of
Trade, Industry and Fisheries. It is proposed that the authorisation shall apply
from 1 January 2021 until the Annual General Meeting in 2021. The authorisation
cannot be used until it has been approved by the Financial Supervisory Authority
of Norway.

DNB ASA will, within the statutory time limit, send a notice of the
Extraordinary General Meeting to the company's shareholders, and announce a more
detailed description of the items for consideration and the proposed
resolutions.

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

The information in this statement is subject to the disclosure requirements
pursuant to section 5-12 of the Securities Trading Act.

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