Investor Presentaiton

Danske Bank Financial results - 01 2023 Net interest income up 43% Y/Y driven by normalisation of interest rates; strong recovery in trading/insurance; impairments driven by macro model charges Key points Q123 vs Q122 NII uplift from normalisation of interest rates coupled with repricing initiatives Fee income down due to lower AuM and reduced capital markets related fees (ECM). Lower remortgaging and housing activity also had an impact Trading and insurance income recovered from low level last year Steady progress on costs despite continually elevated remediation costs Strong credit quality continues to lead to modest impairments, while macro model scenarios reflect current uncertainties Key points Q123 vs 0422 NII up 8% Q/Q, benefiting from further normalisation of interest rates Fee income resilient despite housing market slowdown and lower investment fees as activity-driven fees and capital markets held up well Trading income and insurance income benefit from good customer activity and supportive market conditions Operating expenses improved slightly and in line with target, despite continually elevated remediation costs Impairments decreased as higher impact of revision of macro model scenarios and additional PMAs impacted 04 Net interest income Net fee income Net trading income Income statement and key figures (DKK m] 01 23 Q1 22 Index 04 22 Index 8,023 5,591 143 7,442 108 2,954 3,379 87 3,054 97 1,612 683 236 996 280 Net income from insurance business 497 -135 521 95 Other income 325 669 49 733 44 Total income 13,411 10,187 132 12,746 105 Operating expenses 6,280 6,371 99 6,909 91 Profit before loan impairments 7,131 3,816 187 6,038 118 Provision for Estonia matter -200 Loan impairment charges 147 234 63 774 19 Profit before tax, core 6,984 3,582 195 5,261 133 Profit before tax, Non-core -30 -14 -2 Profit before tax 6,954 3,568 195 5,261 132 Tax 1,787 827 216 706 253 Net profit 5,167 2,741 189 4,555 113 9

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