Investor Presentaiton

Investor Presentation - First quarter 2023 Danske Bank Expenses: Continued progress on cost efficiency; substantially improved cost-income ratio of 47% Highlights Expenses (DKK m) Lower staff costs following structural cost efficiency measures helped mitigate inflation as well as higher resolution fund fee and Swedish bank tax 6,371 -33 9 -93 19 Continually elevated level of remediation costs Transformation costs coming down according to plan as part of final execution of 2023 Better Bank plan Other costs lower from reduced premises, amortization and consultancy spend, as well as lower IT and marketing in Q1 FTE up mainly due to nearshoring transition FTES (#, thousands) 108 14 -115 6,280 0122 Transfor- mation Financial Crime Plan 6,909 Staff cost ex. Perf. based perf. based comp. comp. Legacy remediation Resolution fee Other 0123 FTEs 18.9 Financial Crime Prevention FTEs 19 18.8 18.8 -310 18.5 18 17 I 18.4 18.1 17.9 17.6 17.5 -109 -39 -78 20 19 48 -180 6,280 4 3.5 3.6 3.6 3.6 3.6 3.1 3.1 3.2 3.3 3 2 1 0 0121 Q221 0321 0421 0122 0222 0322 Q422 One-offs* Transfor- mation Financial Crime Plan 0422 0123 Debt collection customer compensation Staff cost Perf. based Legacy Resolution Other ex. perf. comp. remediation fee based comp. 0123 13

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