Spar Nord Bank secures commitment for an individual government-backed guarantee for bond offerings

Today Spar Nord Bank concluded an agreement with Finansiel Stabilitet A/S
regarding the conditions for the individual government-backed guarantee for
bond offerings permitted under the Danish Act on Financial Stability. 

The agreement gives Spar Nord Bank an option over the next year to request a
three-year government-backed guarantee for offerings under the Bank's EMTN
programme up to a maximum of DKK 7.5 billion. 

Spar Nord Bank expects to make its first offering to raise funds in Q3 2009.

On 23 June, Moody's announced that bond offerings under the individual Danish
government-backed guarantee will get an Aaa rating. 

For further information, please contact CEO Lasse Nyby at +45 96 34 40 11.

Kind regards,

Spar Nord Bank
Ole Madsen
SVP Corporate Communication