DVB Group –Condensed consolidated income statement (IFRS) as at 30 September 2013

€ mn1 Jan 2013– 30 Sep 2013

1 Jan 2012– 30 Sep 2012 %

Net interest income 174.0 185.2 -6.0Allowance for credit losses -45.0 -53.3 -15.6Net interest income after allowance for credit losses 129.0 131.9 -2.2Net fee and commission income 79.0 90.8 -13.0Results from investments in companies accounted for using the equity method -1.4 -2.3 -39.1General administrative expenses -125.7 -137.1 -8.3Net other operating income/expenses -3.8 42.3 ‒Consolidated net income before IAS 39 and taxes 77.1 125.6 -38.6Net result from financial instruments in accordance with IAS 39 19.1 -21.3 ‒Consolidated net income before taxes 96.2 104.3 -7.8Income taxes -14.4 -8.5 69.4Consolidated net income 81.8 95.8 -14.6thereof: consolidated net income attributable to non-controlling interests 0.1 -1.6 ‒thereof: consolidated net income attributable to shareholders of DVB Bank SE 81.7 97.4 -16.1

Earnings per share (€)

Basic earnings per share 1.77 2.11 -16.1Diluted earnings per share 1.77 2.11 -16.1

Key ratios in accordance with IFRS (%)

Cost/income ratio 47.1 46.5 0.6 ppReturn on equity before taxes 10.6 12.7 -2.1 ppReturn on equity after taxes 9.0 11.7 -2.7 pp

Development of results as at 30 September

193.8

241.6 237.3 241.4

221.9

77.9

119.1 106.4 104.3 96.2

0

50

100

150

200

250

300

2009 2010 2011 2012 2013

Total net income Consolidated net income before taxes

[€ mn]

‒8.1%

‒7.8%