OMX Copenhagen Stock Exchange London Stock Exchange Bourse de Luxembourg Other stakeholders Stock Exchange Announcement No 09/07 Group Executive Management Peberlyk 4 PO Box 1038 DK-6200 Aabenraa Tel +45 74 36 36 36 Fx +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 11 April 2007 mogens.asmund@sydbank.dk Dear Sirs Sydbank's rating downgraded to AA3 by Moody's The rating agency, Moody's, has reassessed its rating methodology of 26 February 2007. As a result the significance of the rating of the Danish government's implicit support to Danish banks is adjusted downwards. Sydbank's long-term debt rating has been downgraded - from AA2 to AA3. Sydbank's short-term rating of P-1 and financial strength of C+ remain unchanged. It is expected that the rating will continue to have a favourable impact on the Bank's funding. Yours faithfully Mogens Asmund Group Executive Vice President