Investor Presentation - FY 2023

Investor Presentation - FY 2023 Fossil fuels (coal, oil and gas) exposure Key points 0423 - - Danske Bank Exposure towards oil majors (upstream oil and gas) has been stable during 2023 and exposure is down by 63% compared to end 2020. The exposure development is aligned with the Group's 2030 climate target of reducing financed emissions by 50% from oil majors. The main risk on oil related exposures lies with exposures other than oil majors, and net exposures are down by 34% from end 2020 Exposures shown on this page is to utility customers with any coal-based power production [DKK 27 bn.] and hereof more than 5% of revenues from coal fired power production [2.5 bn.). Exposure decreased and stabilized throughout the year, and net exposures is now 42% lower than a year ago Customers' transition plans are continually being assessed as part of the credit process, and customers in the distribution and refining segments and utility customers are generally progressing well on the transition. For instance, by refineries switching to biofuels or by gas stations investing in infrastructure for charging of electric vehicles. Also, for most customers, the use of coal is limited to a few remaining production facilities which are expected to phase-out towards 2030 Group gross credit exposure (DKK 2,548 bn] Fossil fuels exposure Oil-related net credit exposure development [DKK bn] O 2% Segment Crude, gas and product tankers Distribution and refining Oil-related exposure Oil majors Net exposure (DKK m] 5,485 36% 7.1 9,648 5.6 8,197 2,615 Offshore and services 5,582 2.6 Power and heating utilities 27,134 - 61% with any coal-based production Hereof customers with more 2,487 than 5% revenue from coal 2020 Q4 2022 2022 2022 01 02 03 2022 04 Fossil fuels exposure ■ Other Total fossil fuel exposure 50,463 Of which covered by collateral 2023 2023 2023 Q1 02 Q3 Offshore and services 2023 Q4 Oil Majors 43

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