DnB NORD Bankas AB - Notification on material event

Election of the chairman of the Supervisory Council, Management Board member

On 18 March 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 Thomas Stephan
Buerkle as the Chairman of the Supervisory Council of the Bank. Thomas Stephan
Buerkle is the Chief Executive Officer of Denmark registered DnB NORD financial
group. Before taking the job Thomas Stephan Buerkle (born 1953) served as a
general manager of Germany‘s Norddeutsche Landesbank Girozentrale (NORD/LB)
bank's branch in New York (USA). From September 2002 until the start of 2006
Thomas Stephan Buerkle served as the President and the Chairman of the
Management Board of AB DnB NORD Bankas (then operating under AB Bankas NORD/LB
Lietuva name). Thomas Stephan Buerkle has no shares of AB DnB NORD Bankas. 

The Supervisory Council also elected Fredrik Johannes Borch to the Management
Board of the Bank. Before taking the position Fredrik Johannes Borch (born
1974) had been working as Deputy Bank Manager in DnB NOR bank in Norwegian town
Tromso. He has been working with large regional corporates in mining,
construction, property, services and coastal freight industries. He was in
charge of credit portfolio worth approximately 2.2 billion NOK and was also
providing credit analysis support for regional branches of DnB NOR. Fredrik
Johannes Borch has been working in Norway's banking sector since 1998. Fredrik
Johannes Borch has no shareholdings in AB DnB NORD Bankas. 

Andrius Vilkancas
press officer
tel. +370 5 239 3413