OMX Copenhagen Stock Exchange London Stock Exchange Bourse de Luxembourg Other stakeholders Stock Exchange Announcement No 05/07 Group Executive Management Peberlyk 4 PO Box 1038 DK-6200 Aabenraa Tel +45 74 36 36 36 Fax +45 74 36 35 36 direktionen@sydbank.dk www.sydbank.com SWIFT SYBKDK22 Sydbank A/S CVR No DK 12626509, Aabenraa Date Direct tel +45 74 36 2050 26 February 2007 mogens.asmund@sydbank.dk Dear Sirs Sydbank's rating upgraded to AA2 by Moody's The rating agency, Moody's, has made an overall reassessment and upgrade of the Nordic banks among others. In this context Sydbank's long-term debt rating has been upgraded from A2 to AA2. Sydbank's short-term rating of P-1 and financial strength of C+ remain unchanged. It is expected that the improved rating will have a favourable impact on the Bank's funding. Yours faithfully Mogens Asmund Group Executive Vice President