Danske Bank Plc - Company Announcement

Danske Bank Oyj : Mandatum Life to exercise its sell option

DANSKE BANK Plc
COMPANY ANNOUNCEMENT
27.10.2016


Mandatum Life to exercise its sell option
On 20 October 2016 Mandatum Life disclosed its decision not to prolong the
existing agency agreement with Danske Bank as of 31 December 2016. The company
also communicated that it would by the end of October 2016 decide whether it
uses its right to sell the insurance portfolio sold through Danske Bank's branch
network in Finland, to Danske Bank.

Mandatum Life has today announced that they will exercise the option and sell
the portfolio to Danske Bank. The process is expected to be finalized during
2017.

The transfer of the portfolio will have no effect on existing customer
agreements.

As communicated by Danske Bank on October 20, 2016, the upcoming transaction is
expected to take place at fair value and have no effect on the outlook for
Danske Bank Plc or for the Danske Bank Group.

Danske Bank Plc

Distribution:
Nasdaq Helsinki
London Stock Exchange
Luxembourg Stock Exchange


[]