Investor Presentation - FY 2022

Investor Presentation - FY 2022 Three distinct methods for rating banks Rating methodology Danske Bank Danske Bank's rating Anchor SACP1 1 2 3 S&P Global Ratings Potential CRA² adjustment Extraordinary SACP1 + external + support ALAC = Issuer rating MOODY'S bbb+ +1 +1 -1 1 = Business Position, 2=Capital & Earnings, 3-Risk Position, 4-Funding & Liquidity 0 a- +2 A+ (Stable] Quali- Macro profile + 1 + 2 +3 4 + 5 + tative factors BCA3 + Affiliate support + LGF4 Gov. support Issuer rating Strong Plus a3 al ba2 baa3 baa2 1=Asset Risk, 2=Capital, 3=Profitability, 4=Funding Structure, 5=Liquid resources -1 baa2 +1 +1 A3 (Stable) Operating environment + Business Profile + Risk Profile + + Asset Earnings & Quality Profitability Capitalisation + + & Leverage Funding & Liquidity Viability Rating Government Support Issuer rating Fitch Ratings aa- a+ a+ a a- a a+ a ns No support 1 Stand-Alone Credit Profile. 2 Comparable ratings analysis. 3 Baseline Credit Assessment. 4 Loss Given Failure. 5 No support. ns5 A [Stable] 49

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