Moody’s places Danske Bank’s
rating under review

November 12, 2008

Company Announcement No 28/2008

The international rating agency Moody’s has placed Danske Bank’s Aa1 rating under review for a possible downgrade.

Danske Bank still has high ratings with Fitch, Moody’s and Standard & Poor’s. A possible downgrade by Moody’s is not expected to affect the Group’s funding situation.

Danske Bank’s senior debt is covered by the Danish government guarantee in force until September 30, 2010, according to the Danish Act on Financial Stability of October 10, 2008. The Act covers Danske Bank and most of the other banks in Denmark.

Martin Gottlob, Head of Investor Relations, tel. +45 45 14 07 92

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