Investor Presentaiton

Danske Bank Investor Presentation - First half 2022 Business unit progress: Continued progress on our journey towards 2023 ambitions (2/2) Key financial metrics (index) H122 LC&I H121 02-22 Income breakdown (DKKbn] -1 0 1 2 3 4 5 6 7 8 Lending General Banking 111 Q1-22 NII Fee Trading ex. xVA XVA ■Lending Yoy ■Lending QoQ 124 Business highlights Significant lending growth as we supported customers with credit since access to capital markets funding was limited as well as a successful strategic focus on institutionallending Tier 1 LC&I franchise underpinned by number one position in Merger Market M&A league table and number one in Bloomberg league table for arrangers of both sustainability-linked loans and sustainable bonds Slowdown in ECM activity and extraordinarily challenging financial markets conditions within fixed income Solid investment fee despite lower AuM from financial market turmoil Danica Pension H1 22/H1 21 [DKKbn] H122 0.4 H121 1.3 02-22/01-22 (DKKbn] Premiums and AuM Q2-22 01-22 0.5 Premiums, insurance contracts 105 86 -0.3 -0.1 -0.3 86 -0.8 -0.4 AuM 93 ■Result, life H&A insurance Result, life H&A insurance Yoy QoQ • Underlying business develops positively as more customers choose Danica Pension, yet the financial performance of Danica Pension was negatively affected by the turbulence in the financial markets in the first half of 2022 Negative investment results for life insurance products where Danica Pension has the investment risk primarily driven by valuation effects In the health and accident business, the underlying result was positively affected by a fall in claims of 25% over the last three years and improved recovery rates, driven by preventive efforts. However, the investment result decreased considerably from the level in the first half of 2021, which included a provision for pension yield tax of DKK 200 million 17

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