Investor Presentation - FY 2023

Investor Presentation - FY 2023 Danske Bank Business units: Improved results in Danica; strong profitability in Northern Ireland driven by higher income Solid uplift in NII and trading income throughout the year. The strong 2023 financial performance reflects business growth in a higher interest rate environment - 2023 profit before tax of DKK 1,917m, compared to DKK 456m in 2022, benefitted lending growth and actions taken in response to higher UK interest rates, supplemented by trading income Northern Ireland - Danica Profit before imp. [DKK m) Lending [index] 1,804 109 99 Net reversal of loan impairments in 2023, reflecting continually strong credit quality despite challenging economic conditions 623 - Continued progress on digitalization journey with 25% increase in customer logons to our digital platforms, with record 7+ million logons for in one month during 2023 0423 0422 Y/Y 0/0 Net income in Danica Pension amounted to DKK 1,472, recovering from the lower level in 2022, driven by positive development in the financial markets Result FY23 vs FY22 [DKK m] FY23 FY22 615 372 - The insurance service result decreased to DKK 779 million as Danica Pension continued to see a rise in new health and accident claims - Assets under management increased DKK 37 billion from the level at the end of 2022 following the positive development in the financial markets in 2023 2 Strong returns on our pension customers' savings, in most cases double-digit returns for the year 0423 0323 Net financial result -1,263 20

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