Investor Presentation - FY 2022

Investor Presentation - FY 2022 Danske Bank NII: Solid credit demand, positive effects from CB rate hikes, and repricing initiatives continue to support the improving NII trend Highlights Net interest income continued the positive trend, as repricing initiatives were further supported by higher central bank rates driving the improved deposit margin particularly at PC DK and BC • Lending volumes contributed positively Y/Y particularly from business and corporate customers • Higher funding costs along with timing effects due to notice period in PC Nordic impacted lending margin Avg. lending margin at LC&I affected by volume growth from higher rated customers coupled with timing effects from floored credit facilities as rates have turned positive Lower rate sensitivity going forward, e.g. from expected increased migration to savings products Net interest income 2022 vs 2021 (DKKm] 22,049 1,219 -2,065 -132 160 5,098 -1,140 25,188 1.5 2021 Lending Lending Interest Deposit Deposit Other volume margin related volume margin fees Net interest income 04 22 vs Q3 22 (DKKm) 6,307 33 -462 18 5 1,458 1.0 Deposit margin development [bps] PC 1.49 1.44 BC 0.88 0.76 LC&I 0.48 0.5 0.40 0.51 0.38 0.26 0.18' 2022 0.0 Q122 7,442 94 1.5 0222 0322 0422 Lending margin development (bps] 1.12 1.14 1.10 1.02 0.96 1.0- BC 0.85 0.85 0.79 0.72 LC&I 0.62 PC 0.5 Q3 22 Lending volume Lending Interest Deposit Deposit margin related volume margin fees Other Q4 22 0.0 Q122 0222 0322 0422 10

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