Investor Presentaiton

Danske Bank Financial results - first half 2022 Income from core banking activities up 2% y-o-y driven by improved NII trend; trading and insurance income significantly impacted by rates; credit quality remain robust Key points, H122 vs H121 • • • Net interest income uplift from deposit repricing initiatives implemented during 2021 and contribution from continually improving trend in lending volumes as well as recent rate hikes in Norway, Sweden and N. Ireland Fee income remained activity offset lower ECM activity and investment related fees Trading & insurance income significantly impacted by the rapidly rising interest rates, e.g. through valuation adjustments Stable cost development despite legal costs associated with the Estonia matter and a continually elevated level of remediation costs Strong credit quality continue to lead to single-name reversals while macro models and additional PMAs mitigate tail risk Key points, Q222 vs 0122 • • • NII up q-o-q benefitting from recent rate hikes, as well as continued lending growth particular for corporate clients Fee income lower, driven mainly by seasonality effects (high refinancingin Q1) as well as reduced capital markets and investment related fees LC&I trading income and Danica impacted by adverse financial markets with significant impact from our rates business and in the investment result in Danica, as well as valuation adjustments Total expenses on par with Q1 despite additional remediation and legal costs, underpinning the progress improving underlying efficiency Strong credit quality led to continually low impairments despite added Income statement and key figures (DKK m) H1 22 H1 21 Index 02 22 0122 Index 11,440 10,965 104 5,810 5,630 103 6,537 6,595 99 3,157 3,379 93 175 2,291 8 -390 565 Net interest income Net fee income Net trading income Net income from insurance business -38 982 -122 84 Other income 959 457 210 291 669 43 Total income 19,073 21,291 90 8,746 10,327 85 Expenses 12,793 12,770 100 6,421 6,371 101 Profit before loan impairment charges 6,280 8,521 74 2,325 3,955 59 Loan impairment charges 426 737 58 192 234 82 Profit before tax, core 5,854 7,783 75 2,133 3,721 57 Profit before tax, Non-core 17 17 100 31 -14 Profit before tax 5,871 7,801 75 2,164 3,707 58 1,320 1,869 71 458 862 53 4,551 5,932 77 1,705 2,845 60 PMAs and additional adjustment of macro models as lending book, including Tax potentially exposed industries, shows negligible impact of current uncertainties Net profit 10

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