Investor Presentation - First Nine Months 2022

Investor Presentation - First nine months 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 Macro profile + 1 + a- +2 A+ (Negative) Quali- 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 0 +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 ns5 ns No support A (Stable) 1 Stand-Alone Credit Profile. 2 Comparable ratings analysis. 3 Baseline Credit Assessment. 4 Loss Given Failure. 5 No support. 45

View entire presentation