Investor Presentaiton

Investor Presentation - First half 2022 Danske Bank NII: Positive volumes and improving credit demand coupled with full effect from repricing initiatives continue to support the improving NII trend Highlights • Net interest income continued the positive trend, supported by lending volumes which increased y-o-y across all Nordic segments. Additional effect from the implemented deposit repricing initiatives along with higher short- term rates provided further support for deposit margins Q-o-Q: Higherlending and effects from recent deposit repricing initiatives coupled with interest rate hikes support the positive trend, driven primarily by Northern Ireland and our corporate customers. Net interest income, Q222/01 22 (DKK m] 130 5,630 268 47 -81 -55 -87 5,810 -29 Net interest income, YTD-22 vs YTD-21 (DKK m) Q1 22 Lending volume Lending margin Interest Deposit related fees volume Deposit Internal margin Bank/FTP Other FX + Day effect Q2 22 Margin development (bp) -222 193 -161 0320 0420 0121 0221 0321 0421 0122 0222 11,440 PC lending 763 -403 458 10,965 PC deposit -100 -53 BC lending BC deposit LC&I lending LC&I deposit 0.95 0.92 0.90 0.91 0.91 0.86 0.85 0.85 0.17 0.06 0.14 0.12 0.16 0.17 0.18 0.23 1.14 1.15 1.14 1.13 1.11 1.12 1.12 1.15 0.46 0.34 0.34 0.31 0.36 0.38 0.40 0.48 1.06 1.12 1.13 1.15 1.14 1.10 1.11 1.14 0.33 0.23 0.19 0.16 0.23 0.23 0.23 0.26 H121 Lending volume Lending margin related fees Interest Deposit volume Deposit margin Internal Bank / FTP Other FX + Day effect H122 11

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