Danske Bank Plc - Other information disclosed according to the rules of the Exchange

Danske Bank Oyj: Incorporation of Danske Mortgage Bank Plc registered

Company announcement
Danske Bank Plc
October 31, 2017



Incorporation of Danske Mortgage Bank Plc registered

Danske Mortgage Bank Plc, a wholly owned subsidiary of Danske Bank A/S, has been
incorporated as of October 31, 2017, and the demerger of Danske Bank Plc's
mortgage banking activities in accordance with the demerger plan first
communicated on March 23, 2017 has been implemented.

Pekka Toivonen , M.Sc. (Tech.), has been appointed CEO of Danske Mortgage Bank
Plc. He has held several senior positions within finance in the banking sector,
most recently as Head of ALM in Danske Bank Plc. The members of Danske Mortgage
Bank Plc's Board of Directors are: Jacob Aarup-Andersen (chair), Christoffer
Møllenbach, Risto Tornivaara, Anders Norrena, Tomi Dahlberg and Maisa Hyrkkänen.

The assets, liabilities and reserves, including but not limited to issued
covered bonds, of the mortgage credit banking business of Danske Bank Plc have
been transferred by way of a partial demerger to Danske Mortgage Bank Plc.  In
conjunction with the demerger, the following series of existing covered bonds of
Danske Bank Plc, and the collateral relating to them have been transferred to
Danske Mortgage Bank Plc:

· €1,000,000,000 1.625 per cent. Covered Bonds due 2019 (ISIN: XS0834714254)
· €1,000,000,000 0.25 per cent. Covered Bonds due 2020 (ISIN: XS1325648761)
· €1,000,000,000 3.875 per cent. Covered Bonds due 2021 (ISIN: XS0640463062)
· €1,000,000,000 Floating Rate Covered Bonds due 2021 (ISIN: XS1533885981)

The effective date for the substitution of Danske Mortgage Bank Plc in place of
Danske Bank Plc as issuer and principal debtor of each series of the covered
bonds referred to above, and the provision of a guarantee from Danske Bank Plc
in favour of the holders of such covered bonds, is October 31, 2017.

Establishing of the mortgage bank is a part of Danske Bank's plan to simplify
its organization and legal structure and has no effect on the terms or
conditions of Danske Bank's customers' mortgages. Danske Bank Plc will continue
to manage the mortgages that have been transferred to Danske Mortgage Bank Plc
and customers will continue to contact Danske Bank Plc as before in matters
related to their mortgages.

Danske Bank Plc


Contact: Anu Ilvonen, Head of MarCom in Danske Bank Finland, tel. +358 (0)10
546 8002.


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