DNB Bankas
Regarding election of a member of the Supervisory council

DNB Bankas AB 

13.06.2012 15:15
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AB DNB Bankas, company code 112029270, VAT payer's code LT120292716, registered
office at J. Basanavičiaus St. 26, Vilnius, the data is collected and stored at
the Register of Legal Entities, notifies that on 12 June 2012 based on the
decision of the bank's sole shareholder - Norway's DNB Bank ASA - Olaf
Tronsgaard was elected a member of the Supervisory Council of AB DNB Bankas
until the expiry of term of office of the current Supervisory Council. Olaf
Tronsgaard replaced dr. Jekaterina Titarenko on the Supervisory Council after
she resigned from the position on 30 March 2012 to continue her carrier in DNB
Bank ASA. Bank of Lithuania has granted a permission to Olaf Tronsgaard to take
the office. 

Olaf Tronsgaard (born 1966 ) is the head of staff at the Baltic Division of 
DNB Bank ASA.  He has been working in Norway's DNB Bank ASA since 1997: as the
vice president, and since 2002 as the senior vice president in the Energy
Section (Large Corporate area), specialising in hydro power, solar power and
oil and gas supply industries (1997 - 2009). Since 2009 he was in the position
of the senior vice president in the Special and workout finance section, large
corporate clients. 

Olaf Tronsgaard is a graduate from the Norwegian School of Management and 
holds Master degree in business and economics. 

 Olaf Tronsgaard has no shareholdings in AB DNB Bankas.



Dr. Vygintas Bubnys, executive vice president and deputy chairman of the
Management Board of AB DNB Bankas 






         Andrius Vilkancas, press officer  of AB DNB Bankas is authorised by
the Issuer to provide additional information on the material event, tel. +370 5
239 3413
News Source: NASDAQ OMX



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Language:     English
Company:      DNB Bankas AB
              
               
              Lithuania
Phone:        
Fax:          
E-mail:       
Internet:     
ISIN:         LT0000403065
WKN:          
 
End of Announcement                             DGAP News-Service
 
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