DNB : 26.09.2016 - DNB makes changes to its group management team

Næss has been CFO in DNB for nine years. According to his pension agreement, he was entitled to retire when reaching the age of 62 in August 2016, but the agreement was extended to 1 March 2017.

Up till now, Braathen has been group executive vice president and head of Corporate Banking Norway. She is a member of the group management team. She assumed her current position in 2013 and was previously head of Shipping, Offshore and Logistics in Oslo. She has more than 17 years' experience from various positions in the DNB Group. Braathen was born in 1970.

Benedicte Schilbred Fasmer will become new group executive president and head of Corporate Banking Norway with immediate effect. Since 2014, Fasmer has been responsible for DNB's operations in Bergen and the Western Norway division in Corporate Banking Norway. She previously held senior executive positions in, among others, Argentum Asset Management and Sparebanken Vest. Fasmer is also board chairman in Oslo Børs VPS Holding and Oslo Børs ASA. She was born in 1965.

Rune Garborg will become new group executive president in charge of Vipps and Payments with immediate effect. This is a new position in the group management team. Since February this year, Garborg has been in charge of DNB's digital payment solution Vipps. Prior to this, he was head of Categories and Marketing in Personal Banking Norway. Other prior positions include head of marketing in DNB Eiendom. Garborg was born in 1969.

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

Contact person:
Thomas Midteide, group executive vice president, Corporate Communications, tel.: + 47 962 32 017