Insider transaction disclosure
Report No. 4/2011


14 February 2011
Insider transaction disclosure 
Transactions made by persons obliged to report to the Danish FSA and NASDAQ OMX Nordic. Report No. 4/2011

The following changes have taken place in the holding of Danske Bank shares of the person men-tioned below, who, under the Danish Securities Trading Act, is under a duty to report such changes.

 Name Tonny Thierry Andersen
 Reason Member of the Executive Board
 Issuer Danske Bank A/S
 ID Code DK0010274414
 Designation Shares
 Nature of Transaction Exercise of a purchase right as part of share-based compensation, conditional shares granted in 2008.
 Trade Date 11.02.2011
 Market NASDAQ OMX Nordic
 Number 5,058
 Market price (DKK) The purchase was made at a price of DKK 9,104.40  and the market price was DKK 633,261.60 (price at closing on 11.02.2011)


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