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Danske Bank buys back own shares

May 22, 2002

Stock Exchange announcement No. 17/2002

This is to inform you, in pursuance of section 28 of the Danish Securities Trading Act, that the Danske Bank Group owns 29,793,564 shares of DKK 10 each in Danske Bank, representing 4.07% of the total share capital. Of this number, the Danica Group owns 10,889,338 shares.

The preceding notice on this subject was issued on June 29, 2001, when Danske Bank informed the Stock Exchange that it owned 2.06 % of the total share capital.