Investor Presentaiton

Investor Presentation - First half 2022 Тах Actual and adjusted tax rates (DKK m) Profit before tax Q222 Q122 0421 Q321 Q221 2,164 3,707 4,500 4,270 3,747 Permanent non-taxable difference 408 435 994 22 108 Adjusted pre-tax profit, Group 2,572 4,142 5,494 4,293 3,855 Tax according to P&L 458 862 846 936 955 Taxes from previous years 106 57 367 10 120 Adjusted tax 565 919 1,213 924 729 Adjusted tax rate 22.0% 22.2% 22.1% 21.5% 22.2% Actual-/Effective tax rate 21.2% 23.2% 18.8% 21.9% 25.5% Actual/-Effective tax rate exclusive one-offs & 26.1% 24.8% 27.0% 21.6% 22.9% prior year reg. Danske Bank Tax drivers, Q2 2022 . The actual tax rate of 26.1% (excluding prior-year's adjustments) is higher than the Danish rate of 22% - due primarily to the tax effect from tax exempt income/expenses Adjusted tax rate of 22% corresponds to the Danish rate of 22% due to the differences in statuary tax rates in the various countries offsets each other The permanent non-taxable difference derives from tax-exempt income/expenses, such as value adjustments on shares 52

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