Investor Presentaiton

Investor Presentation - First half 2022 Danske Bank Taking stock as we are approaching the final phase of the Better Bank plan; good traction towards our 2023 ambitions and 8.5 -9% ROE target 2019: Inception We are on a journey: In 2020 we pave the way towards 2023 2019 2020 We stop the downward trend and invest in our future We set our ambitions and change agenda 2021/22 We deliver on our agenda and show tangible results 2023 We realise our ambitions 2021: Adjust plan on top of solid foundation Our strong position in the corporate segments makes us well-positioned to execute on our commercial priorities. Key focus on regaining momentum within our retail business LC&I -60% of current total income Business Customers PC DK Foundation Increasing momentum built up over past years; a leading position across Nordic debt and equity capital markets and as arranger of Green Bonds-even globally Top commercial priorities Sustaining our strong momentum by leveraging our market leading position and capitalising on the growing Nordic capital markets Good momentum; ancillary business trending upwards; strong digital offerings have enhanced our value proposition Enhancing our momentum by expanding digital offerings and servicing customers more efficiently, and improving sustainable offerings supporting their green transition PC Nordic Proven digitalisation efforts and strong advisory offerings, but challenged brand and commercial momentum High-quality growth driven by new active target customers; potential for profitability uplift and improving cost to serve Regaining momentum in the short term Maintaining growth and improving profitability by regaining fair housing market position and market share and be d building on momentum in the investment area through cross-sales building on optimised service models with enhanced digital offerings Today More robust and efficient organisation Invested in strengthening the control environment: Currently +4,000 FTEs allocated towards Compliance/FCP and DKK 10bn accumulated spend for FCP since launch of Better Bank agenda ✓ FTEs ex. FCP trending down ~1,400 FTES down vs 2020 peak More efficient development; +60% more software deployments vs 2020 with fewer FTEs Enhanced commercial focus and strong underlying business momentum Trend shift in Danish retail business and improved profitability in the Nordic countries Continually strong CSAT among LC&I customers and traction on SME offerings to both complex needs and digital mass-market needs Adjusted commercial organisation accelerating a strengthening of segment-specific value chains Strong platform and continued momentum within sustainable finance Well under way towards our ambition of being a leading player within sustainability, underpinned by our strong position in league tables, enhanced advisory capabilities and new products ✓ We continue to set and execute according to ambitious targets; targets in place for high-emission sectors, which make up two-thirds of total financed emissions 3

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