Danske Bank — Capital/Financing Update 2012

Sep 13, 2012

Company announcement 13 September 2012
Announcement No. 15/2012

        Danske Bank issues new bond loan in the eurodollar market

In accordance with the plan announced on 3 September 2012, Danske Bank
announces that, after holding investor meetings in Asia and Europe in the
beginning of the week, it has entered into an agreement to issue tier 2 capital
in the form of a bond loan for an amount of USD 1 billion (DKK 5.8 billion).

The bond loan has a maturity of 25 years. The coupon rate in effect until 21
September 2017 is set at 7.125 % p.a., with semi-annual interest payments and
an issue price of par. The coupon rate will be reset every five years.

On the interest payment date five years from the issue date and on every
subsequent interest payment date, the Bank has the option of prepaying the bond
loan at par.

The bond loan will be listed on the Luxembourg Stock Exchange.

The bond loan represents a step in the Bank’s ongoing adjustment of its capital
structure to the future European capital requirements for banks, and it is
structured to comply with the expected criteria for tier 2 capital.

                            Danske Bank A/S

Contact person: Chief Financial Officer Henrik Ramlau-Hansen, tel.: +45 45 14
06 66

This is a translation of a company announcement in the Danish language. In case
of discrepancies, the Danish version prevails.