DNB Bankas AB - Notification on material event

Resolutions of the sole shareholder of AB DNB Bankas

On 24 March 2014 the sole shareholder of AB DNB 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,
Bankas (hereinafter - the “Bank”) DNB Bank ASA: 

1. acknowledged the Bank‘s consolidated annual report and approved the set of
annual financial statements - the separate and consolidated financial
statements for the year ended 31 December 2013. 

2. approved distribution of the profit (loss) of the Bank. It was decided to
allocate the 2013 net result of LTL 57.1 million (EUR 16.5 million) to the
distributable profit of the Bank equal to LTL 144.6 million (EUR 41.9 million).
LTL 7.2 million (EUR 2.1 million) from the distributable profit shall be
allocated to the obligatory reserve. The remaining part of the retained
earnings of LTL 137.4 million (EUR 39.8 million) shall be transferred to the
next financial year. 

3. elected close stock company „Ernst & Young Baltic“ as an audit firm to
perform audit of the annual financial statements of the Bank for the year 2014
and authorized the president of the Bank to establish the other terms and
conditions of the agreement on auditing services with the audit firm within 
the remuneration amount set by the sole shareholder; 

4. re-elected to the Supervisory Council for the new four-year term of office:

4.1  Terje Turnes, the head of DNB A/S Baltic division;

4.2  Tony Samuelsen, executive vice president of DNB A/S;

4.3  Eline Skramstad, credit officer of DNB A/S;

4.4  Leif Rene Hansen, independent member.

On 24 March 2014 the Supervisory Council of the Bank re-elected Terje Turnes as
the Chairman and Tony Samuelsen as the Vice-chairman of the Bank's Supervisory
Council. The Supervisory Council also re-elected the six-member Management
Board of the Bank, i.e.  Bjørnar Lund, Ramūnas Abazorius, Vaineta Barevičiūtė,
dr. Šarūnas Nedzinskas, Anne Birgitte Prestholdt and  Per Weidemann for a new
four-year-term in office. 

In the meeting of the Bank's Management Board held on 24 March 2014  Bjørnar
Lund was re-elected as the chairman of the Management Board and as the
president of the Bank. Ramūnas Abazorius was elected as the vice-chairman of
the Management Board. Ramūnas Abazorius, Vaineta Barevičiūtė, dr. Šarūnas
Nedzinskas, Anne Birgitte Prestholdt and Per Weidemann were also appointed as
executive vice-presidents of the Bank. 



Bjørnar Lund,

the president and the chairman of the management board of AB DNB Bankas.






         AB DNB Bankas' press officer Andrius Vilkancas is authorised by the
Issuer to provide additional information on the material event tel. +370 5  239
3413

Attachments:

2014 03 24 Confirmation of responsible personsENG.pdf

Annual report 2013.pdf