DnB NORD Bankas AB - Notification on material event

Regarding the permission to include subordinated loan to Tier II capital

On 28 August 2008 the Board of the Bank of Lithuania granted the permission to
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,) (hereinafter - the “Bank”) to
include the EUR 26 million (LTL 89 772 800) subordinated loan maturing in seven
years granted by Bank DnB NORD A/S, the majority shareholder of the Bank, into
the Bank's Tier II capital. The increased capital base facilitates further
growth of the Bank ensuring the compliance with the prudential requirements. 

Andrius Vilkancas
Press officer
+370 5 2 393 413