DnB NORD Bankas AB - Notification on material event

Bjørnar Lund appointed DnB NORD Bankas‘CEO from 1 May

 AB DnB NORD Bankas, company code 112029270, VAT payer code LT120292716,
registered office at J. Basanavičiaus St. 26, Vilnius, the data about the
company is collected and stored at the Register of Legal Entities. notifies,
that Bjørnar Lund, the general regional manager of Norway's DnB NOR Banka ASA,
has been appointed the chairman and chief executive officer of AB DnB NORD
Bankas starting 1 May 2011. Following the receipt of the permission from the
Central Bank of Republic of Lithuania to become a manager of the Bank, he will
replace dr. Vygintas Bubnys who will return to his previous position in the
bank as deputy chairman of the management board and vice-president of AB DnB
NORD Bankas in charge of large corporate customers, investment banking and
product development. 

Bjørnar Lund (48) has been working in DnB NOR since 1987. He has extensive
experience from various managerial positions within corporate and retail
operations in DnB NOR in Norway. In addition, he has international experience
as head of the Nordic Desk in Singapore. Bjørnar Lund holds a Master's degree
in Science of Business from BI Norwegian School of Management. 

Dr. Vygintas Bubnys (52) is a doctor of social sciences. He has been working at
DnB NORD Bankas since 2000 and in Lithuania's financial sector since 1990. 



Bjørnar Lund and dr Vygintas Bubnys have no shareholdings in AB DnB NORD Bankas.






         Andrius Vilkancas
         Press Officer
         tel. +370 5  239 3413