Certain Shares of Danske Andelskassers Bank A/S are subject to a Lock-Up Agreement Ending on 11-MAR-2024. These Shares will be under lockup for 360 days starting from 17-MAR-2023 to 11-MAR-2024.

Details:
The Existing Shareholders, who have made a binding advance commitment to subscribe for the Offered Shares by exercising their respective Subscription Rights, have undertaken not to sell for a period of 360 days from the completion of the Offer (which is expected to take place on 21 March 2023) , offer to sell, or enter into an agreement for sale, sell a call option on or buy a put option on or enter into a swap comprising the financial rights to, pledge, lend or otherwise enter into any other transaction regarding the transfer of Shares in the Bank without prior consent from the Board of Directors.

The bank has undertaken not to issue, sell, offer for sale, enter into an agreement for the sale of, encumber or in any other way directly or indirectly transfer for a period of 360 days from the completion of the Offer (calculated from expectedly 23 March 2023) Shares in the Bank or other securities that can be exchanged for Shares in the Bank, or
warrants or other options for the purchase of Shares in the Bank or announce any intention to take any such action without the prior written consent of Danske Bank.