DnB NORD Bankas AB - Notification on material event

Šarūnas Nedzinskas elected to AB DnB NORD Bankas Management Board

On 8 September 2009 the Supervisory Council of 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 ( hereinafter  - the Bank), elected Šarūnas
Nedzinskas as a member of the Management Board of the Bank. On the six-member
Management Board Šarūnas Nedzinskas (born 1968) will be in charge of further
development of the Bank's retail business. 

Šarūnas Nedzinskas has been working in AB DnB NORD Bankas since September 2008
as the advisor to the president of the Bank. Prior to taking his job in the
Bank, he worked in Finasta bank, was a member of the management board of the
insurance company Lietuvos Draudimas. Šarūnas Nedzinskas is an economist, a
graduate of Vilnius University and also holds a Master of Business
Administration in Baltic Management Institute. 

Šarūnas Nedzinskas has no shareholdings in AB DnB NORD Bankas.

Andrius Vilkancas,
Press Officer
tel. +370 5 239 3413