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

DnB NOR Bank ASA / 

23.10.2009 

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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

News Source: NASDAQ OMX



23.10.2009  Financial News transmitted by DGAP

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Language:     English
Company:      DnB NOR Bank ASA
              
               
              Latvia
Phone:        
Fax:          
E-mail:       
Internet:     
ISIN:         LV0000800399
WKN:          
 
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