Danske Bank — Capital/Financing Update 2013

Jul 19, 2013

Company announcement
19 July 2013
Announcement No. 12/2013

 Stable outlook for Danske Bank’s rating from Standard & Poor’s

Standard & Poor’s (S&P) has revised its ratings of a number of Nordic financial
groups. In this connection, Danske Bank’s rating outlook has been changed from
positive to stable. The Bank’s rating remains unchanged at A-/A-2.

The change in outlook is the result of a global analysis prepared by Standard &
Poor’s, focusing on bank liquidity and funding risks. Standard & Poor’s
concludes that there is an increased funding risk in Denmark attributable to
the Danish mortgage credit system, including the short-term mortgage credit
loans.

“We have noted S&P’s new analysis,” says Chief Financial Officer Henrik
Ramlau-Hansen. “Danske Bank has for some time been taking steps to change the
funding structure relating to short-term mortgage credit loans, and on the
basis of S&P’s change of our outlook, we will consider whether further measures
are needed.”

                             Danske Bank A/S

Contacts:

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

Kenni Leth, Group Press Officer, tel. +45 45 14 56 83 / +45 51 71 43 68