Danske Bank

Company announcement

Group Communications Holmens Kanal 2 –12 DK-1092 København K Tel. +45 45 14 56 95     07 October 2019

Notice regarding early termination

We refer to the Danske Bank A/S Warrant and Certificate Programme Base Prospectus dated 18 June 2018 and the supplements thereto dated 24 July 2018, 3 October 2018, 9 October 2018, 19 October 2018, 9 November 2018, 12 December 2018, 18 January 2019 and 26 February 2019 (the “Base Prospectus ”). Terms used herein shall be deemed to be defined for such purposes of the terms and conditions (the “Conditions ”) set forth in the Base Prospectuses dated 5 July 2013, 2 July 2014, 22 June 2015, 20 June 2016 and 19 June 2017 which are incorporated by reference in the Base Prospectus. (The documentation can be found here: https://danskebank.dk/privat/produkter/investering/alternative-investeringer/certifikater )

This is a Termination Notice pursuant to Condition 5 (Exercise, Early Termination and Settlement ) of the Conditions with respect to each Series of Securities set out in the Table below (the “In-Scope Securities ”). Any position in any of the securities below by close of trading on the Final Reference Date will be redeemed at the unit value.

TABLE

Short name for the certificate	ISIN	Reference item	Reference item ISIN
BULL COLO X2 DB	DK0060641405	COLOB	DK0060448595
BEAR COLO X2 DB	DK0060641595	COLOB	DK0060448595
BULL CHRH X2 DB	DK0060641678	CHR	DK0060227585
BEAR CHRH X2 DB	DK0060641751	CHR	DK0060227585
BULL ISS X2 DB	DK0060641835	ISS	DK0060542181
BEAR ISS X2 DB	DK0060641918	ISS	DK0060542181
BULL CARL X2 DB	DK0060603587	CARLB	DK0010181759
BEAR CARL X2 DB	DK0060603660	CARLB	DK0010181759
BULL DSV X2 DB	DK0060603744	DSV	DK0060079531
BEAR DSV X2 DB	DK0060603827	DSV	DK0060079531
BULL FLS X2 DB	DK0060603900	FLS	DK0010234467
BEAR FLS X2 DB	DK0060604049	FLS	DK0010234467
BULL NOVO X2 DB	DK0060604122	NOVOB	DK0060534915
BEAR NOVO X2 DB	DK0060604205	NOVOB	DK0060534915
BULL NZYM X2 DB	DK0060604395	NZYMB	DK0060336014
BEAR NZYM X2 DB	DK0060604478	NZYMB	DK0060336014
BULL PAND X2 DB	DK0060604551	PNDORA	DK0060252690
BEAR PAND X2 DB	DK0060604635	PNDORA	DK0060252690
BULL VWS X2 DB	DK0060604718	VWS	DK0010268606
BEAR VWS X2 DB	DK0060604981	VWS	DK0010268606
BULL GEN X2 DB	DK0060750370	GEN	DK0010272202
BEAR GEN X2 DB	DK0060750453	GEN	DK0010272202

The following Final Reference Date, Record Date, Scheduled Expiration Date and Scheduled Cash Settlement Date shall apply to all In-Scope Securities.

Final Reference Date	05 November 2019
Record Date	07 November 2019
Scheduled Expiration Date	05 November 2019
Scheduled Cash Settlement Date	15 November 2019

Yours faithfully
Danske Bank A/S

Contact:
Equity Trading, Markus Drott, tel. +45 45 14 39 19