Insider transaction disclosure
Report No. 9/2012

20 November 2012
Insider transaction disclosure 
Transactions made by persons obliged to report transactions to the Danish FSA and NASDAQ OMX Nordic. Report No. 9/2012.

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 Lars Mørch
 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 2012
 Trade Date 19 November 2012
 Market NASDAQ OMX Nordic
 Number 1,313
 Market price (DKK) The purchase was made at a price of DKK 1,050.40 and the market price was DKK 123,159.40 (price at closing on 19 November 2012)


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