Danske Bank — M&A Activity 2017

Jul 31, 2017

Extraordinary general meeting of Danske Bank Plc approved demerger of mortgage credit banking activities

Extraordinary general meeting of Danske Bank Plc approved demerger of mortgage credit banking activities

Company announcement Danske Bank Plc
  31 July 2017

Extraordinary general meeting of Danske Bank Plc approved demerger of mortgage
credit banking activities

Theextraordinary general meeting of Danske Bank Plc has approved the partial
demerger in accordance with the demerger plan, first communicated on March
23, 2017, according to which Danske Bank Plc shall demerge by way of partial
demerger so that all assets, liabilities and reserves of the mortgage credit
banking business are transferred to one acquiring company, which will be called
Danske Mortgage Bank Plc.

Establishing of the mortgage bank is a part of Danske Bank's plan to simplify
its organization and legal structure and has no effect on Danske Bank's
customers. The implementation of the partial demerger is still subject to
regulatory approval and the aim is to establish the company during Autumn of
2017.

                            Danske Bank Plc

Contact: Anu Ilvonen, Head of MarCom in Danske Bank Plc, tel. +358 (0)10
546 8002.

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