DnB NORD Bankas AB - Notification on material event

Terje Turnes elected to chair the Supervisory council

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 is collected and stored at the Register of Legal Entities, has elected
Terje Turnes, the head of the Baltic and Poland division of Norway‘s DnB NOR
ASA bank, as its chairman. 

Terje Turnes (born 1963) has been working at DnB NOR bank since 1989. During
his career Terje Turnes was a head of Industry and Energy Sections in the DnB
NOR‘s Corporate Division. Prior to taking the job of the Head of Baltic and
Poland Division, he was the head of DnB NOR's office in London. Terje Turnes
holds diplomas in economics, administration and marketing. 

Terje Turnes has no shareholdings in AB DnB NORD Bankas.




         Andrius Vilkancas
         press Officer
         tel. +370 5 239 3413