Investor Presentation - FY 2022

Danske Bank Investor Presentation - FY 2022 Business units: Danica impacted by volatile financial markets; markedly increased profitability in Northern Ireland driven by NII and recovery in trading Northern Ireland Profit before tax for the year increased to DKK 456 million (2021: DKK 386 million), with improved net interest and fee income and lower costs as well but offset by lower net trading income Total income was significant up in the quarter, as trading income turned positive after being negative in Q3 ✓ Net trading income was negative in the nine months of 2022 due to adverse mark-to- market movements on the interest rate hedge. While adverse financial markets have negatively impacted the performance in Danica Pension, the underlying business continues to be sound Profit before imp. [DKK m) Lending (index) 162 7 580 96 Q1 02 -126 03 Q4 99 Nominel Lending (DKK) Y/Y Q/Q Result 2022/2021 (DKKbn] 2022 Danica In 2022, Danica Pension announced a DKK 100 million investment plan for further strengthening our preventive healthcare efforts in order to prevent long-term illness and to ensuring a faster return to work for more of our customers 0.8 2021 2.7 -0.5 ✓ Negative investment results for life insurance products where Danica Pension has the investment risk primarily driven by valuation effects -1 Result, life insurance ■ H&A 16

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