Major Shareholder Announcement – The Spar Nord Foundation

Reduction of equity interest and voting interest after completion of merger

Pursuant to section 29(1), 3^rd sentence, of the Danish Securities Trading Act, we hereby announce that following completion of the merger between Spar Nord Bank A/S and Sparbank A/S, with Spar Nord Bank A/S as the continuing bank, the Spar Nord Foundation disclosed today that it has reduced its equity interest in Spar Nord Bank A/S as follows:

·         Shares: 23,273,723 shares of nominally DKK 10, equal to 18.5% of the share capital of Spar Nord Bank A/S.

·         Votes: 23,273,723, corresponding to 18.5% of the votes in Spar Nord Bank A/S.

Please direct any questions you may have to Ole Madsen, SVP Corporate Communication, who can be reached on tel. +45 9634 4010.