Danske Bank — M&A Activity 2017

Mar 23, 2017

Danske Bank Plc seeks to demerge its mortgage credit banking activities

Danske Bank Plc seeks to demerge its mortgage credit banking activities

Company announcement
Danske Bank Plc
23 March 2017

Danske Bank Plc seeks to demerge its mortgage credit banking activities

As announced on February 2, 2017, Danske Bank A/S is currently looking into the
possibilities of merging its activities in Finland - Danske Bank Plc and Danske
Bank A/S, Helsinki branch - into a single Finnish branch. As a part of this
process, the Board of Directors of Danske Bank Plc has approved a demerger plan
aiming for a partial demerger pursuant to the Finnish Companies Act. This
implies that all assets, liabilities and reserves of Danske Bank Plc's mortgage
credit banking business will be transferred to an acquiring company wholly owned
by Danske Bank A/S to be incorporated in conjunction with the demerger.

The reason for separating the mortgage credit banking business of Danske Bank
Plc by way of a partial demerger is that the Finnish legislation requires a
Finnish limited liability company as a holder of the mortgage credit banking
license. The planned de-merger has no effects on Danske Bank Plc's customers.

The demerger is subject to approval by the general meeting of Danske Bank Plc
and the acquiring company obtaining necessary licenses to operate as a Finnish
credit institution and mortgage credit bank. Application for such licenses will
be filed with the Finnish Financial Supervisory Authority.

Danske Bank Plc

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

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