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accordance with the provisions set out in Section 13-24 of the Norwegian Public
Limited Liability Companies Act. The merger plan was registered with the
Norwegian Register of Business Enterprises on 29 September 2022.
The Boards of Directors of DNB and Sbanken have now approved the merger plan.
The approval of the merger will be filed with Norwegian Register of Business
Enterprises for the initiation of a six weeks’ creditor notice period.
The merger will be carried out by Sbanken transferring all its business,
including all assets, rights and obligations, to DNB as the acquiring company in
the merger. No merger consideration will be paid.
The implementation of the merger is still conditional upon inter alia
Finanstilsynet or the Ministry of Finance granting the necessary permissions to
implement the merger in accordance with Section 12-1 of the Norwegian Financial
Institutions Act.
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
under Section 5-12 of the Norwegian Securities Trading Act.
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