Investor Presentation - FY 2023

Investor Presentation - FY 2023 Danske Bank Trading income: Continued recovery and less volatility; calibrated risk in fixed income market-making strategy and seasonality in Q4 limit effect from lower rates Highlights Net trading income (DKK m] LC&I Y/Y: New fixed income strategy implemented in 2022 at LC&I has led to recovery and more stable income based on customer flows 1,567 ☐ Q/Q: Seasonal effects caused lower customer activity 1,875 PC and BC ■ Y/Y: Decrease driven by more normalised level of FX trading activity Northern Ireland Affected by valuation effects on the bank's interest rate hedge Group Functions ■ Y/Y: A one-off loss in Q3 trading income from the recycling of DKK 0.8bn from OCI, related to a CET1 FX hedge in Norway, more than offset a one-off gain of DKK 0.3 bn in Q2 from a debt-to-equity transaction Q/Q: Trading income affected by valuation effects of own holdings - -315 3,704 630 69 122 2022 LC&lex.XVA XVA PC & BC Northern Ireland Treasury / Other 2023 Q3: Release of loss from OCI related CET1 FX hedge of PC NO 174 786 32 -55 -111 92 -160 757 0323 One-off LC&I ex.xVA XVA PC & BC Northern Ireland Treasury 0423 / Other 16

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