Original announcement entitled "Staff elect their representatives to the Board of Directors of Danske Bank".

March 15, 2002

Stock Exchange Announcement No 8/2002
Today, the staff of Danske Bank have elected the following representatives to sit on the Board of Directors of Danske Bank:

Retail Customer Adviser Tove Abildgaard, newly elected

Bank Assistant Helle Brøndum, newly elected
Danske Kreds (formerly Danske Banks Personale Kreds)

Bank Assistant Bolette Holmgaard, newly elected
Danske Kreds (formerly Danske Banks Personale Kreds)

Assistant Vice President Peter Michaelsen, reelected
Danske Kreds (formerly Danske Banks Personale Kreds (Chairman)

Retail Customer Adviser Pia Bo Pedersen, newly elected

Assistant Vice President Verner Usbeck, reelected
Danske Kreds (formerly Danske Banks Personale Kreds

Bank Assistant Solveig Ørteby, reelected
Danske Kreds (formerly Danske Banks Personale Kreds)