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| Group Executive Management |
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| Peberlyk 4 · PO Box 1038 |
| DK-6200 Aabenraa |
| Tel +45 74 36 36 36 |
| Fax +45 74 36 35 36 |
| www.sydbank.com |
| SWIFT SYBKDK22 |
| Sydbank A/S |
| CVR No DK 12626509, Aabenraa |
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| OMX Den Nordiske Børs København | |
| London Stock Exchange | |
| Bourse de Luxembourg | |
| Other stakeholders | |
| Stock Exchange Announcement No 17/08 | |
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| 8 October 2008 | |
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Dear Sirs
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| Sydbank's exposure to Iceland |
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Sydbank's business volume with Icelandic banks is highly limited in connection
with clients' foreign exchange and securities transactions and Sydbank has not
granted deposits to Icelandic banks.
Moreover Sydbank's business volume with Icelandic banks in Denmark and
Luxembourg is limited in connection with foreign exchange and securities
transactions. These banks are subject to the legislation of the countries in
question.
Yours faithfully
Carsten Andersen
Group Chief Executive
