The Annual General Meeting of Sydbank A/S

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Company Announcement No 04/10	Group Executive Management
	Peberlyk 4 • PO Box 1038
DK-6200 Aabenraa

Tel +45 74 37 37 37
Fax +45 74 37 36 35

www.sydbank.com
SWIFT SYBKDK22

Sydbank A/S
CVR No DK 12626509, Aabenraa

jaak@sydbank.dk
Direct tel +45 74 37 20 05
4 March 2010	
Dear Sirs
The Annual General Meeting of Sydbank A/S

Today, Sydbank's AGM gathered at Folkehjem in Aabenraa and adopted the
Directors' Report and 2009 Annual Report. 

Chairman of the Board of Directors, former County Mayor Mr Kresten Philipsen,
presented the Directors' Report to the AGM and stated that profit for 2009 is
satisfactory and once again ranks Sydbank among the best performing banks. 

At the AGM five new members were elected and 23 members were reelected to the
Shareholders' Committee, which now counts 61 members. 

KPMG Statsautoriseret Revisionspartnerselskab was re-appointed auditor.

Moreover the AGM adopted the proposals submitted by the Board of Directors to
amend Article 6 (1) notice to the General Meeting, Article 6 (2) documents
available at the Bank's website prior to the General Meeting, Article 7 (1)
notice convening Extraordinary General Meeting, Article 8 (3) proposals
submitted by shareholders, Article 9 (2) the shareholder's attendance at the
General Meeting and Article 16 (3) reference to the Danish Companies Act. 

The authority to allow the Board of Directors to acquire own shares was
re-newed. 
Yours faithfully
 	
Jakob Aakjær	
Head of Executive Secretariat