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Danske Bank Update

Financial Institutions www.danskebank.com/sibos2012

Sibos 2012

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Danske Bank Group by 15th November 2012 One Bank – One Name

From 15th November 2012, the legal and/or trade names of all Danske Bank Group entities will be changed to Danske Bank.

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Nostro Services: One point of entry — one IT-platform — one SLA

Tailor-made interbank clearing and commercial payments in DKK, SEK, NOK and EUR Customer benefits

Optimised processing and handling (one format) Designated officers in Banking Partners Internet access to transaction details and

balances

Nostro Agent Services

Current accounts in DKK, SEK, NOK and EUR

Payments instructions

DKK — DABADKKK NOK — DABANO22 SEK — DABASESX EUR — DABAIE2D (Ireland) EUR — DABAFIHH (Finland)

For more information see — www.danskebank.com/nostroservices

Your way to Northern Europe

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Payment Services

Bundling of Non-STP and PSD intermediary fee

Possibility for XML formatted file via e-mail

All errors included in reports

Possibility for bundling of OUR fee

Choice of currencies for both monthly and MT190/191 charges (USD, DKK, NOK, SEK, PLN, GBP, EUR) via charge type, bundling or currencies

One account for all charges (Nostro or fee account)

Monthly invoice can be debited your account or claimed

Guaranteed OUR to Nordic beneficiaries

Flexible invoice capabilities for commercial payments

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Business Online — Internet access to your accounts

List of accounts

All (or selected) accounts in one overview regardless of currency

Cleared balance or ledger balance Sorting by account name, account number or

last entry date User definable account names

List of entries for each account

One year history

Search by booking date, value date or amount Sorting by booking date, value date, text or

amount Future entries with calculated balance Business Online agreement

One agreement can cover more entities Accounts are selected for the agreement Individual authorizations for each user e. g.

which accounts are visible No opening fees

For more information see — www.danskebank.com/businessonline

Key features

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Cash Management Partner

Cash Management One point of entry to all markets

Unique IT-platform

Direct access to local clearing systems

SWIFT, EDIFACT or electronic banking

State-of-the-art cash management

solutions including SWIFTNET, MA-CUG/SCORE and TWIST Bank Standard Billing services

Adding value to your corporate clients’ businesses

For more information see — www.danskebank.com/cashmanagement

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Danske Markets — FX, MM, Derivatives, Fixed Income and Equities

For more information see — www.danskemarkets.com

Danske Markets Scandi — market maker in DKK, NOK and SEK Majors — market maker in all major currencies Strong in Emerging Markets (CZK, PLN, HUF,

RUB, LVL, LTL, ZAR, TRY) Structured derivatives (2nd and 3rd generation)

in all currencies Strong internet trading platform: Danske Trader

and multibank platforms including Bloomberg Reuter based RTFX Fixed Income Equities Danske Research

Reuter codes Reuters dealing DANO Opening hours 04.00–21.00 CET (DANC/DANX 21.00–04.00 CET)

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Danske Markets DCM is the market leader in the Nordic region

The DCM team is fully integrated geographically and functionally

We operate out of our offices in Copenhagen, Helsinki, Oslo, Stockholm, London and Dublin

Our primary client focus is on corporates, financials, and SSAs within Danske Bank’s core universe

We work in a close relationship with our client executives and relevant groups within Danske Markets

DCM consists of more than 60 devoted experts in the areas of Origination, Syndication, Sales, Trading and Research

We are responsible for all new issues, sales, trading and counselling of credit products and derivatives

DCM Deal Teams

Origination

16 people based in Copenhagen, Stockholm, Helsinki and Oslo

Syndicate

6 people based in Copenhagen

Sales

22 people based in Copenhagen, Stockholm, Dublin, Helsinki and Oslo

Trading

8 people based in Copenhagen, Stockholm and Oslo

Research

7 people based in Copenhagen, Stockholm and Oslo

Syndicated Loans

8 people based in London

Legal

26 people based in Copenhagen, Stockholm, Oslo, Helsinki and London

Origination

Syndicate

Sales

Trading Research

Syndicated Loans

Legal

Debt Capital Markets is responsible for Danske Bank group clients’ issuance of debt in the capital markets

Danske Markets DCM is the market leader in the Nordic region. We have a deep penetration in the Nordic area and we are expanding our business in Europe and the US

Our strong market position is a result of a dedicated approach to both issuers and investors who are being served by our specialist teams concentrating on servicing our clients in both the primary and secondary market

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This is Finland’s second syndicated euro benchmark issue in 2012 following a Euro 3bn July 2028 issued in February. Additionally Finland issued a non-benchmark Euro 1.5bn July 2042 in June. Finland is not planning further syndicated Euro benchmarks this year

Lead Managers on this deal were Danske Bank, Credit Agricole, Credit Suisse, Deutsche Bank and JP Morgan

Danske Bank was appointed Primary Dealer by Finnish State Treasury last year. Danske has since then become a leading Primary Dealer with a strong investor reach as well as dedicated secondary market making commitment

Issuer Republic of Finland

Ratings AAA/Aaa/ AAA

Notional Amount Euro 4bn

Launch Date 28 Aug 2012

Maturity Date 15 Sep 2022

Coupon 1.625%

Re-offer Spread Mid-Swaps +3 bps (Bund +40.8bps)

Joint Bookrunner Danske Bank

On Tuesday 28th of Aug, The Republic of Finland issued a new Euro 4bn benchmark 10 year transaction

Execution was conducted intraday with initial price thought of MS +5 area communicated to investors at market open. Following positive response from investors, Lead Managers opened books with a guidance of MS +3 to +5 bps

The orderbook grew rapidly and was open only for an hour. At close, the orderbook stood at Euro 8.8bn with162 investors participating . Deal size was capped at Euro 4bn and final pricing set to MS +3

The broad based demand and the exceptionally swift bookbuilding process makes this issue stand out as a success even amongst the typically strong Finland syndications

Republic of Finland — EUR 4bn 1.625% due Sep 2022

6%

18%

Scandinavia

16% Finland

31%

UK

11% Germany

Benelux

12%

Other Europe 5%

Asia

3%

USA & Canada Others

5% Central Banks

13%

Banks 28%

Pension and Insurance

25%

Fund Managers

29%

By country By type

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Central Counterparty Clearing (CCP) — Derivative Clearing

Danske Bank has been clearing member with LCH (London Clearing House) Swap Clear since August 2011 We are able to clear all derivative trades We can offer our CCP services as Executing Broker Please see our Fact sheet on Danske Bank acting as Execution Broker on products eligible for LCH clearing

For further details please contact your Account Manager in Danske Bank Financial Institutions

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Trade Finance in Northern Europe —Your local bank in the region

Danske Bank is a leading trade finance bank in

Northern Europe offering

85% of all transactions handled on-line securing fast and efficient handling

Local trade finance processing units Export financing services available Comprehensive co-operation with local ECAs Extensive risk capacity Normal decision line within same day

Danske Bank uses a Global SWIFT key

arrangement DABADKKK or the regional SWIFT

key

You may therefore send messages to DABADKKK which gives you one point of entry to all countries in the region or use regional SWIFT key

Please update your correspondent banking directory according to the list of Danske Bank trade finance units

For more information see — www.danskebank.com/tradefinance

Trade & Export Finance

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Trade finance in Northern Europe — Your local bank in the region

Denmark Danske Bank Phone: +45 45 14 36 08

SWIFT: DABADKKK E-mail: trade@danskebank.dk

Sweden

Danske Bank, Stockholm Phone: +46 752 48 12 88 Danske Bank, Gothenburg Phone: +46 752 48 41 71

SWIFT: DABASESX E-mail: tradefinance.stockholm@danskebank.se SWIFT: DABASESXGBG E-mail: trade.financegbg@danskebank.se

Finland Danske Bank Phone: +358 10 546 8049

SWIFT: DABAFIHH E-mail: trade.finance@sampopankki.fi

Norway Danske Bank Phone: +47 85 40 54 58

SWIFT: DABANO22 E-mail: trade_finance@fokus.no

Rep. of Ireland Danske Bank Phone: +353 1 484 21 87

SWIFT: DABAIE2D E-mail: tradefinance@nationalirishbank.ie

United Kingdom Danske Bank, Belfast Phone: +44 28 90 04 86 83

SWIFT: DABAGB2B E-mail: tradefinance@northernbank.co.uk

Germany Danske Bank, Hamburg Phone: +49 40 32 81 16 40

SWIFT: DABADEHH

Estonia Danske Bank SWIFT: FOREEE2X

Latvia Danske Bank SWIFT: MARALV22

Lithuania Danske Bank SWIFT: SMPOLT22

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1. Danske Bank’s covered bond rating For updates on ratings see — www.danskebank.com/ratings

Short term Long term

P-1 Aaa

P-2 Aa11

P-3 Aa2

Aa3

A1

A2

A3

Baa1

Baa2

Baa3

…

Ca

Short term Long term

A-1+ AAA1

A-1 AA+

A-2 AA

A-3 AA-

B A+

C A

D A-

BBB+

BBB

BBB-

…

D

Short term Long term

F1+ AAA1

F1 AA+

F2 AA

F3 AA-

B A+

C A

D A-

BBB+

BBB

BBB-

…

D

Danske Bank is rated by the three international rating agencies

Stable outlook Negative outlook Stable outlook

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Performance Highlights 1H 2012

For more information see — www.danskebank.com/ir

1H 2012/1H 2011 INDEX

Total Income 24,604 23,203 106

Net interest income

12,390 11,339 109

Net trading income

5,684 5,420 105

Expenses 13,482 14,029 96

Loan impairment charges

7,031 5,594 126

Net profit 2,286 1,907 120

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Financial Figures

For more information see — www.danskebank.com/reports

1H 2012/1H 2011 Index

Profit before tax 4,091 3,508 114

Shareholder´s equity

128,118 125,968 102

Total assets 3,480,722 3,127,061 111

1H 2012/1H 2011

ROE (p.a.) 3.6 %/3.3%

Total tier 1 capital ratio 16.2%/16.6%

Total capital ratio 17.7%/18.8%

Cost/income ratio 54.8%/60.5%

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Financial Institutions: Your relationship team

Senior Account Managers

UK, IE, US, FR, NL, BE, LU, TN, DZ & MA Jesper Christensen

Denmark & Faroe Islands Bent Hansen

DE, AT, CH, IS & CEE Ronald Bullock

Nordic countries, IT, ES, PT, GR, CY & Africa Sanne Sylvest

Latin & South America, AU, CA & NZ Peter Marcussen

Institutional Clients DE, AT & CH Jürgen Graffonara

Assistant Account Managers

Anne. T. Ulriksen Leo Knudsen Jeanette Åby Boyd

Middle East & Asia (ex. JP, CN, TW, KR & PH) Michael Jensen

Head of Financial Institutions

JP, CN, TW, KR & PH Peter F. Christiansen

JP, CN, TW, KR Claus Wagenblast-Franck

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Contact Details

For more information see — www.danskebank.com/financialinstitutions

Peter F. Christiansen

First Vice President & Head of FI peterf@danskebank.dk JP, CN, TW, KR & PH

+45 45 12 83 15

Claus Wagenblast-Franck

First Vice President clw@danskebank.dk JP, CN, TW,KR

+45 45 12 83 21

Jesper H. Cristensen First Vice President

jesper.christensen@danskebank.dk UK, Ireland, US, France, Netherland, Belgium,Luxembourg, Algeria, Morocco & Tunisia

+45 45 12 83 25

Ronald Bullock

Senior Account Manager ronald.bullock@danskebank.dk Austria, Germany, Iceland, Switzerland & CCE

+45 45 12 83 20

Peter Marcussen

Senior Account Manager pemar@danskebank.dk Canada, Latin & South America, Australia & New Zealand

+45 45 12 83 22

Bent Hansen

Senior Account Manager bent.hansen@danskebank.dk Denmark & Faroe Islands

+45 45 12 83 23

Sanne Sylvest

Senior Account Manager sanne.sylvest@danskebank.dk Nordic countries, Southern Europe & Africa

+45 45 12 83 06

Michael Jensen

Senior Account Manager mij@danskebank.dk Asia & Middle East incl. Egypt, Libya & PH

+45 45 13 66 45

Anne T. Ulriksen

Assistant Account Manager anne.ulriksen@danskebank.dk +45 45 12 83 19

Jeanette Boyd

Assistant Account Manager Jeani@danskebank.dk +45 45 12 83 18

Leo Knudsen

Assistant Account Manager leok@danskebank.dk +45 45 12 83 12

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Disclaimer

Important Notice

This presentation does not constitute or form part of and should not be construed as, an offer to sell or issue or the solicitation of an offer to buy or acquire securities of Danske Bank A/S in any jurisdiction, including the United States, or an inducement to enter into investment activity. No part of this presentation, nor the fact of its distribution, should form the basis of, or be relied on in connection with, any contract or commitment or investment decision whatsoever. The securities referred to herein have not been, and will not be, registered under the Securities Act of 1933, as amended, and may not be offered, exercised or sold in the United States absent registration or an applicable exemption from registration requirements. References to a potential share offering by Danske Bank are included herein pursuant to Rule 135c of the Securities Act of 1933, as amended. This presentation contains forward-looking statements that reflect management’s current views with respect to certain future events and potential financial performance. Although Danske Bank believes that the expectations reflected in such forward looking statements are reasonable, no assurance can be given that such expectations will prove to have been correct. Accordingly, results could differ materially from those set out in the forward-looking statements as a result of various factors many of which are beyond Danske Bank’s control This presentation does not imply that Danske Bank has undertaken to revise these forward-looking statements, beyond what is required by applicable law or applicable stock exchange regulations if and when circumstances arise that will lead to changes compared to the date when these statements were provided