Transactions made by persons
obliged to report to the CSE.
Report No. 5/2010

25 February 2010
Insider transaction disclosure

The following changes have taken place in the shareholding of Danske Bank shares of the person mentioned 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 rights as part of share-based payment, options granted in 2003 and in 2007
 Trade Date 24 February 2010
 Market Danske Bank
 Number 18,556                                     
 Market price (DKK) 2,310,222.00 (average price all trades)

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