Investor Presentaiton

Investor Presentation - First quarter 2023 Тах Danske Bank Actual and adjusted tax rates (DKK m) Profit before tax according to P&L Permanent non-taxable difference Adjusted pre-tax profit, Group Tax according to P&L Q1 2023 042022 032022 02 2022 Q1 2022 6,954 5,262 -12,839 2,312 3,568 547 -1,182 16,567 427 435 7,501 3,758 3,527 2,572 4,142 1,787 706 834 516 827 Taxes from previous years etc. 71 158 25 106 57 Adjusted tax 1,858 862 785 565 919 Tax drivers, Q1 2023 The actual tax rate of 26.7% (excluding prior-year's adjustments) is higher than the Danish rate of 25.2% - due to the tax effect from tax exempt income/expenses and regulations to prior years tax The financial sector is subject to a statuary corporate tax rate of 25.2% in 2023 and 26% from 2024 onwards Adjusted tax rate of 24.8% is lower 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 Adjusted tax rate 24.8% 22.9% 22.3% 22.0% 22.2% Actual-/Effective tax rate 25.7% 13.4% -6.5% 22.3% 23.2% Actual-/Effective tax rate exclusive prior year 26.7% 16.4% -6.1% 24.4% 25.7% regulation 52

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