DnB NORD Bankas AB - Notification on material event

Regarding the member of the management board

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, informs, that the management
board member Sigitas Žutautas notified the supervisory council and management
board of AB DnB NORD Bankas regarding his decision to accept the proposal to
take a leading management role in another non-banking financial institution. He
will continue to carry out his duties in AB DnB NORD Bankas until 12 June 2009
(inclusive). Starting 13 June until a new management board member in charge of
the bank's retail business is appointed, his duties will be carried out by the
deputy chairman of the management board Dr. Vygintas Bubnys. 
Sigitas Žutautas has no shares in AB DnB NORD Bankas.

Andrius Vilkancas
Press Officer 
tel. +370 5 239 3413