Danske Bank — Capital/Financing Update 2020

Apr 16, 2020

National Storage Mechanism | Additional information

RNS Number : 9367J

Danske Bank A/S

16 April 2020

CREDIT EVENT NOTICE

Danske Bank A/S note issue XS1222742253, XS1309433578, FI4000185541, XS1347434505, FI4000197983,

FI4000201421, FI4000201587, FI4000210422, FI4000210497, FI4000210901, XS1619997684, FI4000273479, FI4000282223, XS1706364491, DK0030431770, DK0030440763, issued under the EUR 5,000,000,000 Structured Note Programme (the "Notes").

On 15 April 2020 the ISDA Credit Derivatives Determination Committee declared that as of 15 April 2020 a Bankruptcy Credit Event has occurred in respect of Frontier Communications Corporation. The Bankruptcy Credit Event has been confirmed on a Public Source (Bloomberg).

Danske Bank A/S has determined, based on the above, that a Credit Event under the Terms and Conditions of the Notes has occurred in relation to Frontier Communications Corporation, which is a Reference Entity in the Notes. The Credit Event will impact the Interest Amount and the Final Redemption Amount.

The Credit Event Determination Date is 15 April 2020.

Capitalised terms used in this notice have the same meaning as in the Final Terms and the Base Prospectus for the Notes.

Copenhagen, 16 April 2020.

DANSKE BANK A/S

This announcement has been issued through the Companies Announcement Service of Euronext Dublin.

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