Investor Presentation - FY 2023

Investor Presentation - FY 2023 Danske Bank Fully compliant with MREL and subordination requirement; expect to cover MREL need with both preferred and non-preferred senior MREL and subordination requirement* and eligible funds Q423 DKK bn (% of Group REA] PS > ly NPS > ly CET1, AT1, T2 +49 [+5.9%) 334 (40.4%) 285 (34.5%) 65 [7.8%] MREL requirement incl. CBR 227 79 (27.5%) 79 (9.5%) 191 [23.1%) MREL funds Subordination requirement *Including Realkredit Danmark's [RD] capital and debt buffer requirements Comments - The Group has to meet a MREL requirement +42 (+5.1%) 270 (32.6%) (9.5%) 191 (23.1%) Subordinated MREL funds - and a subordination requirement, both adjusted for Realkredit Danmark [RD] The subordination requirement is the higher of 2x[P1 P2) + CBR or 8% TLOF The Group's MREL requirement (total resolution requirement) is DKK 285bn incl. RD's capital and debt buffer requirement [DKK 46bn] and the combined buffer requirement (DKK 55bn). Excess MREL funds are DKK 49bn ■ The Group's subordination requirement is DKK 227bn incl. RD's capital requirement [DKK 31bn). Excess subordinated MREL funds are DKK 42bn ▪ This figure shows the Group's MREL and subordination requirement as of end Q4 2023, which constitutes the fully-phased in requirements, i.e. no interim target - Requirements will, however, be impacted by any changes to the CCyB 48

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