Spar Nord Bank

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 37 of 2016, the following transactions have been made under the
programme:

                                Number of shares   VWAP  Gross value (DKK)

Accumulated from last announcement 1,840,000 101,046,497

12 September 2016 4,000 64.56 258,240

13 September 2016 5,000 64.85 324,250

14 September 2016 5,000 64.60 323,000

15 September 2016 6,000 64.63 387,780

16 September 2016 6,500 64.54 419,510

Total – week 37 26,500 1,712,780

Total - accumulated 1,866,500 102,759,277

Following the above transactions, Spar Nord holds a total of 2,001,287own
shares, equal to 1.60 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
[email protected]

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