SP Group

Transaction in Own Shares • Apr 29, 2019

NASDAQ Copenhagen A/S Nikolaj Plads 6 1007 København K

Announcement No. 29 / 2019 29 April, 2019 CVR No. 15701315

Share buy-back programme at SP Group A/S

Today, the Board of Directors of SP Group A/S (SP Group) has decided to increase the buy back of shares with DKK 15.0 million. As of 29 April 2019, SP Group holds 142,584 number of treasury shares of a nominal value of DKK 2 each corresponding to 1.25 % % of SP Group's share capital.

The share buy back program was published in stock announcement no. 14/2019 on 27 March, 2019.

The purpose of the share buy-back programme is to hedge the existing warrant programmes.

The buy-back programme runs from 11 April 2019 until 31 December 2019, both days inclusive. The share buy-back programme is initiated and structured in compliance with the EU Commission Regulation No. 596/2014 of 16 April 2014 as regards Market Abuse, the so-called Market Abuse Regulation that protects listed companies' board and executive board against violation of insider legislation in connection with share buy-backs.

SP Group has entered into a contract with Jyske Bank A/S (Jyske Bank), in which Jyske Bank acts as financial advisor and as Lead Manager of the programme. Jyske Bank handles all purchase transactions independently of and without influence from SP Group.

The share buy-back programme is subject to the following terms:

• The maximum amount that SP Group may pay for shares purchased under the share buy-back programme is increased from DKK 40.0 million to DKK 55.0 million
• The maximum number of shares that can be bought in one single trading day may not be greater than 25.0 % of the average daily trading volume of SP Group's shares on NASDAQ OMX Copenhagen in the last 20 days preceding the given trading day
• The shares cannot be purchased at prices exceeding the higher of
  • The price of the latest independent trade
  • The price of the highest independent bid on NASDAQ Copenhagen at the time of the transaction

SP Group will announce the number of repurchased shares and the value of these shares on a weekly basis in a separate announcement to NASDAQ Copenhagen.

Further information:

CEO Frank Gad Phone: (+45) 70 23 23 79 www.sp-group.dk

In case of any discrepancies, the Danish version shall prevail.