Investor Presentaiton

Investor Presentation - First half 2022 Danske Bank H1 highlights - business momentum continues, despite turbulent conditions for rates business. Credit quality remains strong with limited impairments and healthy provisions Highlights . Despite the uncertain operating environment, we have continued to execute on our strategy and support customers, resulting in continued commercial momentum and underlying efficiency gains Core banking income supported by commercial momentum, and our resilient business model mitigated the impact from turbulent financial markets in certain areas of our business Fixed income business and certain investment products in Danica significantly impacted by rapid increase in interest rates Macro outlook and geopolitical uncertainty did not affect our customers significantly in H1, and loan impairment charges continued to be low, underpinning the strong credit quality with limited risky CRE exposures and PMAs in place across sectors The outlook for FY 2022 was revised on 10 July on account of the lower than expected financial markets related income in H1 and based on a modest recovery in H2, subject to financial markets conditions Profit development H1-22 vs H1-21 (DKK m) 7,783 58 475 H1-21 PBT, core Danica NO 2,116 450 5,854 311 23 1,470 502 -1,020 NII Fee Trading Insurance business Other Expenses Impairments H1-22 PBT, core Financial metrics 7.0 RD fair value H1-21 H1-22 1,880 67.1 18.0 61 1,800 60.0 17.1 5.2 1,810 1,819 ROE (%) -10 Lending [DKK bn] C/I(%) CET1 (%) 9

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