September 21, 2015

Company Announcement No. 40/2015

Danica issues new bond loan in the euro market
In accordance with the plan announced in company announcement No. 38 of 14 September 2015, Danica Pension, Livsforsikringsaktieselskab has entered into an agreement to issue Solvency II compliant tier 2 capital in the form of a bond loan in the amount of EUR 500 million (DKK 3.7 billion).

The bond loan has a maturity of 30 years. The coupon in effect until 29 September 2025 is set at 4.375 % p.a., interest payments are made annually and the issue price is 99.666 %.

The fixed coupon will be reset on the interest payment date ten years after the issue date. At that time, Danica Pension, Livsforsikringsaktieselskab has the option of redeeming the bond loan at par.

The bonds will be listed on the Irish Stock Exchange.

The bond loan forms part of ongoing adjustments of the capital structure at Danske Bank Group in order to meet future capital requirements.

Danske Bank A/S

Contact: Kenni Leth, Group Press Officer, tel. +45 45 14 56 83/+45 51 71 43 68

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Danske Bank Group
Holmens Kanal 2-12 1092 Copenhagen K

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