With respect to Investment Advisory Services, a US Person is a natural person resident in the United States; or a company or partnership incorporated or organized in the US, but excluding an offshore branch or agency of a US Person that operates for valid business reasons and is engaged and regulated as an insurance company or bank; or a branch or agency of a foreign entity located in the US; or a trust of which the trustee is a US Person, unless a non-US Person has or shares investment discretion; or an estate of which a US Person is the executor or administrator, unless the estate is governed by foreign law and a non-US Person has or shares investment discretion; or a non-discretionary account held for the benefit of a US Person; or a discretionary account held by a US dealer or fiduciary, unless held for the benefit of a non-US Person; or any entity organized or incorporated for the purposes of evading US securities laws. The term “US Person” does not include any person who was not in the United States at the time of becoming an investment advisory client of Danske Bank.

With respect to Broker-Dealer Services, a US Person is any customer present within the United States, other than a customer who resided outside of the United States at the time his or her relationship with Danske Bank was established and who—when present in the United States—is neither (i) a US citizen (including a dual citizen of the US and another country), (ii) a US lawful permanent resident (i.e., “green card holder”), nor (iii) a person who is otherwise in the United States other than on a temporary basis.