Investor Presentaiton

Investor Presentation - First half 2022 Nordic macroeconomic data Real GDP, constant prices (index 2005 = 100) 145 135 125 115 Inflation (%) 8 6 со 4 2 0 EU-27 Denmark Danske Bank Sweden Norway Finland Property prices (index 2005 = 100) 275 225 175 125 95 -2 75 06 08 10 12 14 16 18 20 22 06 08 10 12 14 16 18 20 22 06 08 10 12 14 16 18 20 22 105 Consumer spending (%-change from same period 2019) Unemployment (%) Apartment prices (index 2005 = 100) 30 20 12 11 10 10 0 -10 W -20 -30 -40 M M J S N J M M J S N J M M 21098765432 325 275 225 175 125 75 20 21 22 06 08 10 12 14 16 18 20 22 06 08 10 12 14 16 18 20 22 Source: Danske Bank Macro Research 6

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