Investor Presentation - First Nine Months 2022

Investor Presentation - First nine months 2022 Fossil fuels (coal and oil) exposure Key points, Q322 Danske Bank . • . • • This exposure to fossil fuels and includes customers involved in production, refining, and distribution (including shipping) of oil as well as utilities producing heat or power with coal. The exposure to oil majors will decrease by 50% by 2030 against 2020 levels. Customers' transition plans are being assessed, and our customers in the distribution and refining segments are generally progressing well on the transition, for instance by refineries switching to biofuels in refining or by gas stations investing in infrastructure for charging of electric vehicles. Within oil-related exposures, the main risk lies with exposures other than oil majors. Since the end of 2019, these net exposures have been actively brought down 54% and are down by 7% from Q3 last year. Power & heating utilities should reduce emissions per unit of electricity or heating by 30% by 2030 against 2020 levels. This entails an accelerated phase-out of coal. The exposure shown to utility customers is with any coal-based power production (DKK 35.3 bn.) and hereof more than 5% of revenues from coal fired power production (1.6 bn.). Exposures have increased somewhat from the beginning of the year due to short-term financing needs driven by volatile energy markets and is likely to persist. For most customers, the use of coal is limited to a few remaining production facilities which are expected to phase-out over time. Group gross credit exposure [DKK 2,609 bn] 2.2% Oil-related net credit exposure, DKK bn: Development (excl. majors) Fossil Fuels Exposure (Coal and Oil) Segment Net exposure [DKK m) Crude and Product Tankers Distribution and refining Oil-related exposure 3,115 8,043 9,916 Oil majors Offshore and services 2,945 I 6,971 i 15.1 35,302 -54% -7% Power and heating utilities with any coal-based production Hereof customers with more than 5% revenue from coal 2.2 7.6 7.5 6.9 6.8 6.8 4.8 1,620 ■ Fossil fuels exposure ■ Other 042019 Q2 21 Q321 0421 0122 0222 0322 Total fossil fuel exposure 56,376 Of which covered by collateral 31

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