DnB NORD Bankas AB - Notification on material event

Preliminary unaudited result for the first nine months of 2010

With Lithuania's economy stabilizing and signs of recovery seen on the
country's credit market in the third quarter of the year, according to
preliminary un-audited data 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, earned a
pre-tax operating profit before provisions of LTL 110.3 million (EUR 31.9
million) during the first nine months of 2010. The economic downturn continued
to affect the quality of the loan portfolio and the Bank pursued further a
conservative customer risk valuation approach setting aside LTL 47.7 million 
(EUR 13.8 million) in provisions in the third quarter of the year alone, the
amount was more than four times lower compared to the first two quarters of
2010. As a result, the pre-tax loss of AB DnB NORD Bankas amounted to LTL 137.5
million (EUR 39.8 million) in the first nine months of 2010, down 53.9 percent
year-on-year. 

During the first nine months of 2009, AB DnB NORD Bankas made, LTL 490.8
million ( EUR 142.1 million)in provisions  and recorded a pre-tax loss of LTL
298.1 million (EUR 86.3 million). 

AB DnB NORD Bankas results are calculated in accordance to International
Financial Accounting Standards. 

Andrius Vilkancas
Press Officer 
tel. +370 5 239 3413