Standard & Poor's upgrades DnB NOR Bank to AA-

| Source: DnB NOR Bank ASA DnB NOR Bank ASA 

The rating agency Standard & Poor's has raised its long-term rating of DnB NOR
Bank ASA to AA- from A+. The short-term rating has been raised to A-1+ from
A-1. The upgrade reflects the bank's sustained profitability, leading market
position in Norway, conservative risk profile and controlled expansion outside
its home market. Strong emphasis has also been placed on DnB NOR's sound level
of capitalisation and competent risk management. 

This press release was brought to you by Investor Relations in DnB NOR