DANSKE BANK A/S NUF

According to Section 11-5, second paragraph, of the Norwegian Central Securities Depository Act, the Financial Supervisory Authority of Norway (Finanstilsynet) may order an account operator to take corrective action if the entity acts in violation of the law, regulations, or the rules of the central securities depository. To ensure that there are no other similar undiscovered cases and that Danske Bank operates in compliance with the rules of the central securities depository, Finanstilsynet has decided to require Danske Bank to: Conduct a full review of its role as an "issuer account operator" for bonds and an "investor account operator," and implement relevant measures to ensure these functions are carried out in accordance with the law and the central securities depository's rules. The review must be submitted to the internal auditor and the company's board of directors by June 30, 2023. Develop routines and process descriptions for the account operator role, both for issuers and investors, which must be approved by the bank's internal and risk control bodies by June 30, 2023. Submit the review report, routines, and process descriptions to ES-OSL after the report has been reviewed by the company's board of directors, and no later than June 30, 2023. The report will be used in ES-OSL's ongoing supervision of account operators under Section 6-5 of the Central Securities Depository Act.