Investor Presentation - FY 2022

Investor Presentation - FY 2022 Regulatory Engagements Danske Bank Ongoing Dialogue • · We engage in ongoing dialogue with our regulators through regular meetings with the Financial Supervisory Authorities ("FSAs”) and Supervisory College to ensure aligned expectations and transparency between our regulators and the Bank We provide regular updates and engage in frequent interactions with the Danish FSA on our financial crime transformational progress and remediation work and proactively share information on the progress of our remediation program with other Nordic regulators Regulatory Inspections • We track all regulatory inspections closely and continue to address regulatory orders we receive from our regulators in an open and transparent way. Regulatory deliverables are formally documented, and progress is frequently communicated to relevant regulators The Bank has completed and closed a number of orders received from inspections following the Estonia matter and is progressing in addressing orders received in relation to subsequent AML inspections In 04 2022, the Danish FSA published the outcomes of two inspections at Danske Bank focusing on money laundering and terrorist financing, and our management of EU sanctions against Russia and Belarus. The reviews did not give rise to any supervisory reactions, which we believe reflects the progress we have made in the implementation of our Financial Crime Plan* All remaining orders and recommendations from regulators are incorporated and prioritised in our Financial Crime Plan. We carry out targeted actions to rectify these issues and track them closely to completion. The Bank also addresses topics that are not highlighted in the inspection findings but noted by the Danish FSA The Danish FSA, as well as other relevant FSAs, carry out supervisory oversight of the Bank's remediation work • Supervisory Oversight Our recalibrated Financial Crime Plan was submitted to the Danish FSA in November 2021 and the Danish FSA follows its implementation closely. Our other supervisors receive updates on an ad-hoc basis • The Danish FSA carries out extensive supervisory oversight of the Bank's financial crime transformation program. In addition to its ongoing supervision, in February 2021, the Danish FSA appointed an Independent Expert to monitor the implementation of the Bank's Financial Crime Plan. The Independent Expert's monitoring is ongoing * https://danskebank.com/investor-relations/regulation/the-danish-fsa The Danish FSA (danskebank.com] 28

View entire presentation