Statement by Management

The Board of Directors and the Management Board have today considered and adopted the annual report of Finansiel Stabilitet for the financial year 1 January – 31 December 2022.

The financial statements are prepared in accordance with the International Financial Reporting Standards (IFRS) as adopted by the EU in respect of the Group and in accordance with the Financial Business Act in respect of the parent company.

The consolidated and parent company financial statements give a true and fair view of the Group’s and the Company’s assets, liabilities and financial position as at 31 December 2022 and of the results of the Group’s and the Company’s operations and of consolidated cash flows for the financial year 1 January – 31 December 2022.

We also believe that the transactions comprised by the financial reporting are in accordance with appropriations granted, laws and other regulations and with agreements concluded and normal practice. Finally, we believe that due

financial consideration has been taken in the management of the funds and the operation of the enterprises comprised by the financial statements and that, as part of this, we have established systems and processes that support economy, productivity and efficiency.

The management’s review includes a fair review of the development and performance of the business and the financial position of the Group and the Company, together with a description of the principal risks and uncertainties that the Group and the Company face.

We recommend that the annual report be approved by the annual general meeting.

Copenhagen, 17 March 2023