Investor Presentation - FY 2023

Investor Presentation - FY 2023 Tax Actual and adjusted tax rates [DKK m) 2023 04 2023 Q3 2023 Q2 2023 Q1 2023 Profit before tax according to P&L 26,682 7,235 6,475 6,018 6,954 Permanent non-taxable difference 1,094 -473 223 798 547 Adjusted pre-tax profit, Group 27,776 6,762 6,698 6,815 7,501 Tax according to P&L 5,420 1,470 1,156 1,007 1,787 Taxes from previous years etc. 1,477 251 503 652 71 Adjusted tax 6,898 1,721 1,660 1,658 1,858 Adjusted tax rate 24.8% 25.5% 24.8% 24.3% 24.8% Actual-/Effective tax rate 20.3% 20.3% 17.9% 16.7% 25.7% Actual-/Effective tax rate exclusive prior year 25.9% 23.8% 25.6% 27.6% 26.7% regulation Danske Bank Tax drivers, Q4 2023 ■ The actual tax rate of 23.8% (excluding prior- year's adjustments) is lower than the Danish rate of 25.2% due to the tax effect from tax exempt income/expenses - The Danish financial sector is subject to a statuary corporate tax rate of 25.2% in 2023 and 26% from 2024 onwards Adjusted tax rate of 25.5% is higher than the Danish rate of 25.2% due to the differences in statuary tax rates in the various countries in which we operate ■ The permanent non-taxable difference derives from tax-exempt income/expenses, such as value adjustments on shares 59

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