Danske Bank — Director's Dealing 2015

Nov 27, 2015

The Danish Financial Supervisory Authority

27 November 2015

Transactions made by persons obliged to report transactions to the Danish FSA and Nasdaq Copenhagen. Report No. 18/2015.

The following changes have taken place in the holding of Danske Bank shares of the persons listed below. Under the Danish Securities Trading Act, they are under an obligation to report such changes.

Name of natural or legal person obligated to give notification	Thomas F. Borgen
Reason said person has an obligation to give notification	is a member of the Executive Board
Name of the issuer of the securities in question	Danske Bank A/S
ISIN code	DK0010274414
Designation of the relevant securities	Shares
The nature of the transaction	Part of the fixed compensation paid in shares
The trade date	27 November 2015
The market on which the transaction was carried out	Nasdaq Copenhagen
Number of securities traded	457
Market price of traded securities (DKK)	84,965.44. (Average share price on 25 November 2015)

Name of natural or legal person obligated to give notification	Tonny Thierry Andersen
Reason said person has an obligation to give notification	is a member of the Executive Board
Name of the issuer of the securities in question	Danske Bank A/S
ISIN code	DK0010274414
Designation of the relevant securities	Shares
The nature of the transaction	Part of the fixed compensation paid in shares
The trade date	27 November 2015
The market on which the transaction was carried out	Nasdaq Copenhagen
Number of securities traded	273
Market price of traded securities	50,756.16. (Average share price on 25 November
(DKK)	2015)

Name of natural or legal person obligated to give notification	Lars Stensgaard Mørch
Reason said person has an obligation to give notification	is a member of the Executive Board
Name of the issuer of the securities in question	Danske Bank A/S
ISIN code	DK0010274414
Designation of the relevant securities	Shares
The nature of the transaction	Part of the fixed compensation paid in shares
The trade date	27 November 2015
The market on which the transaction was carried out	Nasdaq Copenhagen
Number of securities traded	242
Market price of traded securities	44,992.64. (Average share price on 25 November
(DKK)	2015)

Name of natural or legal person obligated to give notification	Henrik Ramlau-Hansen
Reason said person has an obligation to give notification	is a member of the Executive Board
Name of the issuer of the securities in question	Danske Bank A/S
ISIN code	DK0010274414
Designation of the relevant securities	Shares
The nature of the transaction	Part of the fixed compensation paid in shares
The trade date	27 November 2015
The market on which the transaction was carried out	Nasdaq Copenhagen
Number of securities traded	260
Market price of traded securities	48,339.20. (Average share price on 25 November
(DKK)	2015)

Name of natural or legal person obligated to give notification	Jim Ditmore
Reason said person has an obligation to give notification	is a member of the Executive Board
Name of the issuer of the securities in question	Danske Bank A/S
ISIN code	DK0010274414
Designation of the relevant securities	Shares
The nature of the transaction	Part of the fixed compensation paid in shares
The trade date	27 November 2015
The market on which the transaction was carried out	Nasdaq Copenhagen
Number of securities traded	251
Market price of traded securities	46,665.92. (Average share price on 25 November
(DKK)	2015)

Name of natural or legal person obligated to give notification	Glenn Söderholm
Reason said person has an obligation to give notification	is a member of the Executive Board
Name of the issuer of the securities in question	Danske Bank A/S
ISIN code	DK0010274414
Designation of the relevant securities	Shares
The nature of the transaction	Part of the fixed compensation paid in shares
The trade date	27 November 2015
The market on which the transaction was carried out	Nasdaq Copenhagen
Number of securities traded	260
Market price of traded securities	48,339.20. (Average share price on 25 November
(DKK)	2015)

Name of natural or legal person obligated to give notification	Gilbert Kohnke
Reason said person has an obligation to give notification	is a member of the Executive Board
Name of the issuer of the securities in question	Danske Bank A/S
ISIN code	DK0010274414
Designation of the relevant securities	Shares
The nature of the transaction	Part of the fixed compensation paid in shares
The trade date	27 November 2015
The market on which the transaction was carried out	Nasdaq Copenhagen
Number of securities traded	233
Market price of traded securities (DKK)	43,319.36. (Average share price on 25 November 2015)