Danske Bank A/S initiates share buy-back programme

07 Feb 2025 07:35 CET

Company announcement no 6 2025 Danske Bank
Bernstorffsgade 40
DK-1577 København V
Tel. + 45 45 14 14 00



7 February 2025



Page 1 of 1

Danske Bank A/S initiates share buy-back programme

In line with the distribution plan announced in the press release regarding the
annual report for 2024 published on 7 February 2025, the Board of Directors of
Danske Bank A/S ("Danske Bank") has resolved to utilise the authorisation
granted by the Annual General Meeting on 21 March 2024 to repurchase shares by
initiating a share buy-back programme of up to DKK 5 billion (the "Programme").

The purpose of the Programme is to reduce the share capital of Danske Bank.

The Programme will be implemented in accordance with Article 5 of Regulation
(EU) No 596/2014 of the European Parliament and Council of 16 April 2014 (the
"Market Abuse Regulation") and the Commission Delegated Regulation (EU)
2016/1052 of 8 March 2016 (together with the Market Abuse Regulation, the "Safe
Harbour Rules").

The Programme will be conducted in the period from 10 February 2025 to 30
January 2026, at the latest. Danske Bank may, however, at any time suspend or
terminate the Programme.

The following additional conditions apply to the Programme:

* Share repurchases will only take place on Nasdaq Copenhagen A/S.
* The Programme will be managed by an independent lead manager, which, under a
separate agreement with Danske Bank, will make its trading decisions
regarding the timing of the share repurchases independently of, and without
influence by Danske Bank, within the timeframe set out in this announcement.
* The maximum amount allocated to the Programme is DKK 5 billion.
* The maximum number of shares that may be acquired under the Programme is
45,000,000 shares.
* Shares acquired under the Programme may not be purchased at a price
exceeding the higher of (i) the share price of the last independent
transaction on Nasdaq Copenhagen A/S, and (ii) the highest independent bid
on the shares on Nasdaq Copenhagen A/S. The shares may not be acquired at a
price deviating more than 10% from the price quoted on Nasdaq Copenhagen A/S
at the time of acquisition.
* Purchases on Nasdaq Copenhagen A/S made on one single purchase day may not
exceed 25% of the average daily trading volume of the shares during the 20
preceding trading days before the purchase day.

Information about shares acquired under the Programme will be published weekly
on Danske Bank's website www.danskebank.com (http://www.danskebank.com) and via
company announcements. Danske Bank will also on its website and via company
announcement publish information about any subsequent changes to the Programme
should such occur, including any termination of the Programme.

Danske Bank

Contacts:        Helga Heyn, Head of Media Relations, tel. +45 45 14 14 00
Claus Ingar Jensen, Head of Group Investor Relations, tel. +45 25 42 43 70

More information:
Access the news on Oslo Bors NewsWeb site

637997_Danske Bank AS initiates share buy-back programme.pdf