DNB Bankas AB - Notification on material event

Re: the member of the management board

AB DNB Bankas, company code 112029270, VAT payer's code LT120292716, registered
office at J. Basanavičiaus St. 26, Vilnius, the data is collected and stored at
the Register of Legal Entities,  notifies that the management board member
Fredrik Johannes Borch  resigns from his position in the bank from 1 December 
2011. 

It is planned that after the receipt of the permission of the Bank of
Lithuania, Anne Birgitte Prestholdt, the head of Risk and Quality unit of
Norway's  DNB Bank ASA, will replace Fredrik Johannes Borch on the bank's
management board. 

Bjørnar Lund, the president and the chairman of the Management Board of AB DNB
Bankas. 








         Press officer Andrius Vilkancas is authorised to provide additional
information on the material event tel. +370 5  239 3413