Company announcement Group Communications Company announcement No. 17/2017 Holmens Kanal 2 – 12 DK-1092 København K Tel. +45 45 14 56 95 20 March 2017 Danske Bank share buy-back programme: transactions in week 11 On 2 February 2017, Danske Bank A/S announced a share buy-back programme. The programme is being carried out under the European Commission’s Regulation No. 596/2014 of 16 April 2014 (the “Market Abuse Regulation”). The share buy-back for a total of DKK 10 billion, with a maximum of 90 million shares, will be made in the period from 3 February 2017 to 2 February 2018, at the latest. The following transactions were made under the share buy-back programme in week 11: Number VWAP Gross value of shares DKK DKK ----------- -------------- Total, latest announcement 4,721,000 1,126,971,980 -------------------------------------------------------------------------------- 13 March 2017 165,000 242.54 40,019,100 ------------------- 14 March 2017 150,000 243.83 36,574,500 ------------------- 15 March 2017 150,000 245.29 36,793,500 ------------------- 16 March 2017 140,000 246.49 34,508,600 ------------------- 17 March 2017 180,000 241.03 43,385,400 ------------------- Total accumulated over week 11 785,000 191,281,100 -------------------------------------------------------------------------------- Total accumulated during the share buyback 5,506,000 1,318,253,080 programme -------------------------------------------------------------------------------- With the transactions stated above, Danske Bank A/S holds a total of 54,202,754 own shares, excluding investments made on behalf of customers, or 5.51% of Danske Bank A/S’ share capital. We enclose share buy-back transactions data in detailed and aggregated form provided in accordance with the Commissions delegated regulation (EU) 2016/1052 of 8 March 2016. Danske Bank Contact: Kenni Leth, Group Press Officer, tel. +45 45 14 14 00