Spar Nord Bank

Transaction in Own Shares • Nov 28, 2016

In the Annual Report 2015, Spar Nord announced a share buyback programme of DKK
150 million. The buy-back was initiated on 15 February 2016 and will be
completed no later than 31 December 2016.

The purpose of buying back shares is to reduce the share capital of Spar Nord,
and the programme is executed under the European Commission’s Regulation No.
596/2014 of 16 April 2014 (the “Market Abuse Regulation”)

In week 47 of 2016, the following transactions have been made under the
programme:

                                Number of shares   VWAP  Gross value (DKK)

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Accumulated from last announcement 2,244,642 128,240,665

21 November 2016 8,000 75.50 604,000

22 November 2016 8,000 75.46 603,680

23 November 2016 5,000 73.79 368,950

24 November 2016 6,000 73.83 442,980

25 November 2016 8,000 73.98 443,880

Total – week 47 33,000 2,463,490

Total - accumulated 2,277,642 130,704,155

Following the above transactions, Spar Nord holds a total of 2,316,278 own
shares, equal to 1.85 per cent of the Bank’s share capital.

Questions regarding this announcement can be directed to the undersigned at
tel. +45 25 27 05 80.

Sincerely yours,
Spar Nord

Ole Madsen
Senior Vice President, Communication & IR
Telephone: +45 96344010
oma@sparnord.dk