Spar Nord Bank

Earnings Release • Jan 10, 2020

Company Announcement no. 1

Spar Nord upgrades its guidance for 2019

On the basis of preliminary accounting figures for the fourth quarter of 2019, Spar Nord upgrades its full-year guidance for core earnings before impairment from DKK 1,200-1,300 million to DKK 1,320-1,330 million, while the forecast for the profit after tax is raised from DKK 925-1,025 million to DKK 1,050- 1,060 million.

The upgrade is based on a number of aspects primarily expected to concern 2019, including a large number of remortgaged loans and lower-thanexpected loan impairment charges.

Spar Nord's financial statements for 2019 and guidance for 2020 will be released as scheduled on 6 February 2020.

Should you have any questions in connection with this announcement, please contact Lasse Nyby, Chief Executive Officer, at tel. +45 2527 0001, or Ole Madsen, Head of IR, at tel. + 45 9634 4010.

Kind Regards,

Ole Madsen Head of IR

Spar Nord Bank A/S Executive Board

Spar Nord Bank A/S Skelagervej 15 DK-9000 Aalborg

Sort code: 9190 Swift spno dk 22

10.01.2020