Investor Presentation - FY 2023

Outlook for Danish housing market Forecast for house prices, Denmark Index [2020:100] 120 110 320 300 100 280 90 260 240 80 220 200 70 180 60 160 140 50 2004 2006 2008 2010 2012 2014 2016 2018 2020 2022 2024 House prices Source: Danske Bank Research http://www.danskebank.com/danskeresearch December 2023. Real Estate Prices, Statistics Denmark 2001 2003 2005 Debt burden, LHA 2007 2009 2011 Debt burden (% of disposable income) Household debt and interest payments, Denmark 2013 2015 Interest burden; RHA 2017 2019 2021 2023 6 2025 Interest burden after tax (% of disposable income] 12 10 64 2 O 00 Danske Bank

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