Investor Presentation - FY 2023

Investor Presentation - FY 2023 Danske Bank's credit ratings Rating methodology Anchor SACP1 1 2 3 S&P Global Ratings bbb+ +1 +1 -1 + 1 Business Position, 2=Capital & Earnings, 3=Risk Position, 4=Funding & Liquidity Potential CRA* adjustment Danske Bank Danske Bank's rating Extraordinary SACP** + external support + ALAC = Issuer rating 0 a- +2 A+ [Stable) Macro profile + 1 + 2 + 3 + 4 + 5 Quali- + tative factors = BCA*** + Affiliate support + LGF**** + Gov. support = Issuer rating MOODY'S Strong Plus baal al baa2 baa2 baal -1 baa2 +1 +1 A3 (Positive) 1=Asset Risk, 2-Capital, 3-Profitability, 4-Funding Structure, 5-Liquid resources Operating environment Business Profile + Risk Profile + Asset Quality + Earnings & Profitability Capitalisation + + & Leverage Funding & Liquidity Viability Rating + Government Support Issuer rating Fitch Ratings aa- a+ a+ a a a+ a+ a+ No Support A+ (Stable) * Comparable Ratings Analysis ** Stand-Alone Credit Profile *** Baseline Credit Assessment **** Loss Given Failure 57 57

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