Investor Presentaiton

Investor Presentation - First quarter 2023 Danske Bank Revised net profit outlook* for 2023; We now expect net profit to be in the range of DKK 16.5 18.5bn Income kr لله Expenses Impairments Net profit * kr We expect core income line to grow in 2023, driven mainly by higher net interest income following further normalisation of interest rates and our continued efforts to drive commercial momentum. Fee income is expected slightly below the level in 2022. We expect income from trading and insurance activities to recover towards normalised levels subject to financial market conditions We continue to expect costs in 2023 to be in the range of 25 - 25.5bn reflecting our focus on cost management and despite the inflationary pressure. The outlook includes continually elevated remediation costs of approximately DKK 1.1bn We now expect loan impairment charges of up to DKK 2.5bn (~14bps) due to continually strong credit quality and recoveries in 01. Loan impairment charges will primarily be driven by a weaker macroeconomic outlook affecting model-driven impairments We expect net profit to be in the range of DKK 16.5 - 18.5bn, including the impact of the new Danish bank tax *Note - The outlook is subject to uncertainty and depends on volume growth and macroeconomic conditions. 7

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