DnB NORD Bankas AB - Notification on material event

Preliminary result for the first quarter of 2010

According to preliminary unaudited 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 33.2
million (EUR 9.6 million) in the first three months of 2010. Taking into
account constrains in domestic consumption and still depressed labour market as
well as evaluating the fact that the economic downturn typically affects the
quality of the loan portfolio with a time lag, the bank continued to pursue a
conservative customer risk valuation approach and set aside LTL 86.3 million
(EUR 25.0 million) in provisions in the first quarter of the year. As a result
AB DnB NORD Bankas recorded LTL 53.1 million ( EUR 15.4 million) net loss for
the first quarter of the year. To ensure further balanced performance,  AB DnB
NORD Bankas‘ reserve capital was increased by LTL 69.1 million (EUR 20 million)
in the first quarter of the year. Due to proper risk management AB DnB NORD
Bankas met all prudential requirements of the Bank of Lithuania. 

In the fourth quarter of 2009 AB DnB NORD Bankas‘ net loss was LTL 165.4
million (EUR 48.0 million) after making LTL 194 ( EUR 56.2 million) in special
provisions. 

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

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