Investor Presentaiton

Investor Presentation - First half 2022 Credit exposure: Limited and well-impaired exposure to agriculture and oil Danske Bank Agriculture exposure • • African Swine Fewer (ASF), which spread to Germany in Q3 2020, Covid-19, Chinese imports, and the RU/UA war is causing uncertainty for the industry. Therefore, post- model adjustments of DKK 1bn are reserved to cover uncertainties. Agriculture is generally affected by increased production costs as well as increased prices on crops as a result of the war in Ukraine. The pork price rise from a low to a more average level, but the elevated cost of especially feed keeps most pig farmers below the breakeven point. The milk price keeps rising and is expected to stay high for the rest of 2022, resulting in high earnings for the dairy segment despite increased input costs. Total accumulated impairments amounted to DKK 2.2bn by the end of Q2-22, against DKK 2,7bn in 01-22, the decrease observed is mainly related to redistribution of post- model adjustments. Oil-related exposure • Total oil-related exposure* increased by DKK 0.1bn from the preceding. Danske Bank has actively reduced its net oil-related exposure (excluding oil majors) by 55% since 04- 19. Accumulated impairments at LC&I remains in par compared to the preceding quarter. Most of the oil-related exposure is managed by specialist teams for customer relationship and credit management at LC&I. Agriculture by segment, Q2 22 (DKK m) Oil-related exposure, Q2 22 [DKK m) Gross credit Portion exposure from RD Expected credit loss Net credit exposure Stage 3 coverage ratio Gross credit exposure Expected credit loss Net credit exposure Personal Customers Growing of crops, cereals, etc. Dairy Pig breeding Mixed operations etc. 2911 1377 23 2 888 14% 1 163 875 9 1 154 12% 85 9 2 83 100% 401 372 0 401 100% LC&I Oil majors Oil service Offshore 11 162 779 10 383 3 742 1 3741 3283 140 3 143 4 137 638 3 499 1 262 121 12 1 250 100% Personal Customers 1 0 1 Business Customers 50 360 31 137 2036 48 324 86% Oil majors 0 0 0 Growing of crops, cereals, etc. 20 839 15 860 529 20310 86% Oil service 1 0 1 Dairy Pig breeding Mixed operations etc. LC&I Northern Ireland Others 8 646 5 623 684 7962 85% Offshore 9416 7 064 463 8952 79% Business Customers 153 8 145 11 460 2 590 360 11 101 99% 8 498 1 473 79 8419 98% Oil majors 6 0 6 4381 71 4310 100% 222 0 222 Oil service Offshore Others 146 8 138 1 0 1 1 0 1 Total 66 372 33 988 2 209 64 163 85% Total 11318 788 10 530 Share of Group net exposure 202202 Share of Group net Stage 3 exposure 202202 Expected credit loss 202201 Share of Group net exposure 202202 Share of Group net Stage 3 exposure 202202 Expected credit loss 202201 2% 11% 2 661 0% 9% * The credit exposure is reported as part of the shipping, oil and gas industry in our financial statements. 776 35

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