<?xml version="1.0" encoding="UTF-8"?>
<edgarSubmission xsi:schemaLocation="http://www.sec.gov/edgar/thirteenffiler eis_13F_Filer.xsd" xmlns="http://www.sec.gov/edgar/thirteenffiler" xmlns:common="http://www.sec.gov/edgar/common" xmlns:xsi="http://www.w3.org/2001/XMLSchema-instance">
  <!--Generated by Broadridge Transform (tm) - http://www.broadridge.com-->
  <!--Created: Thu May 14 14:46:17 UTC 2026-->
  <schemaVersion>X0202</schemaVersion>
  <headerData>
    <submissionType>13F-HR</submissionType>
    <filerInfo>
      <liveTestFlag>LIVE</liveTestFlag>
      <filer>
        <credentials>
          <cik>0001456670</cik>
          <ccc>XXXXXXXX</ccc>
        </credentials>
      </filer>
      <periodOfReport>03-31-2026</periodOfReport>
    </filerInfo>
  </headerData>
  <formData>
    <coverPage>
      <reportCalendarOrQuarter>03-31-2026</reportCalendarOrQuarter>
      <filingManager>
        <name>DNB Asset Management AS</name>
        <address>
          <common:street1>Dronning Eufemias Gate 30</common:street1>
          <common:city>Oslo</common:city>
          <common:stateOrCountry>Q8</common:stateOrCountry>
          <common:zipCode>N-0191</common:zipCode>
        </address>
      </filingManager>
      <reportType>13F HOLDINGS REPORT</reportType>
      <form13FFileNumber>028-13463</form13FFileNumber>
      <provideInfoForInstruction5>N</provideInfoForInstruction5>
    </coverPage>
    <signatureBlock>
      <name>Jens Kildal</name>
      <title>Head of Reporting</title>
      <phone>4799256609</phone>
      <signature>/s/ Jens Kildal</signature>
      <city>Oslo</city>
      <stateOrCountry>Q8</stateOrCountry>
      <signatureDate>05-14-2026</signatureDate>
    </signatureBlock>
    <summaryPage>
      <otherIncludedManagersCount>1</otherIncludedManagersCount>
      <tableEntryTotal>1235</tableEntryTotal>
      <tableValueTotal>28047861559</tableValueTotal>
      <otherManagers2Info>
        <otherManager2>
          <sequenceNumber>1</sequenceNumber>
          <otherManager>
            <cik>0002033785</cik>
            <form13FFileNumber>028-24446</form13FFileNumber>
            <name>DNB FUND</name>
          </otherManager>
        </otherManager2>
      </otherManagers2Info>
    </summaryPage>
  </formData>
</edgarSubmission>
