Investor Presentaiton

Danske Bank Investor Presentation - First quarter 2023 Business units: Improved result in Danica; strong income and profitability performance in Northern Ireland driven by primarily higher income Northern Ireland Strong performance in core banking lines as net interest income increased 58% to DKK 599 million (Q1 2022: DKK 379 million) and net fee income grew 9% to DKK 83 million (Q1 2022: DKK 76 million), driven by actions taken in response to higher UK interest rates, improved activity levels as well as pricing actions ✓ Profit before tax increased to DKK 506 million (Q1 2022: loss of DKK 12 million) as loan impairment charges remained low with a small net reversal in the first quarter 2023 ✓ Net trading income was positive in the first quarter of 2023 to favorable mark-to- market movements on the interest rate hedge Profit before imp. [DKK m) Lending (index) 482 7 99 103 Q1-23 Q1-22 Nominel Lending (DKK) Y/Y Q/Q Danica ✓ Positive developments in the financial markets have improved the performance in Danica Pension while the underlying business continues to be sound with premiums 4% higher in the first quarter compared to same period in 2022 In the first quarter of 2023, Danica Pension launched a option for customers to invest through 'Danica Balance Responsible Choice' which has a targeted focus on promoting sustainable progress; it has been well received by customers showing a desire among customers to investment their funds with an ethical focus ✓ Positive investment results on insurance products where Danica Pension has the investment risk and positive investment returns on Danica Pension's equity capital increased the financial result Y-0-Y to DKK 289 (Q1 2022: loss of DKK 504 million) Result Q1 2023/ Q1 2022 (DKKbn) 01 23 Q1 22 0.3 0.2 0.3 -0.5 ■Insurance Service ■Net financial result 16

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