Post-Stabilisation Notice

23 January 2018

Not for distribution, directly or indirectly, in or into the United States or any jurisdiction in which such distribution would be unlawful.

DNB Boligkreditt AS

EUR1.5bn 0.25%  Covered Bonds due 23 January 2023

Launched pursuant to the Issuer’s EUR 60bn Covered Bond Programme

Dated 22 June 2017 supplemented 01 July 2017 and 02 October 2017.

Post-Stabilisation Notice

Commerzbank (contact: Ian Turner; telephone: +44 207 475 1817) hereby gives notice that no stabilisation (within the meaning of Article 3.2 (d) of the Market Abuse Regulation (EU Regulation 596/2014) was undertaken by the Stabilising Managers named below in relation to the offer of the following securities.

Issuer: DNB Boligkreditt AS
Guarantor (if any): n/a
ISIN: XS1756428469
Aggregate nominal amount: EUR 1,500,000,000
Description: 0.25% Covered Bonds due 23 January 2023
Stabilisation Managers:Commerzbank Aktiengesellschaft

Deutsche Bank AG, London Branch
DNB Markets
Natixis
Norddeutsche Landesbank Girozentrale

This announcement is for information purposes only and does not constitute an invitation or offer to underwrite, subscribe for or otherwise acquire or dispose of any securities of the Issuer in any jurisdiction.

This announcement is not for distribution, directly or indirectly, in or into the United States or any other jurisdiction in which such distribution would be unlawful.