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Spar Nord Bank

Board/Management Information Oct 6, 2015

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In connection with Spar Nord’s Board of Directors’ annual evaluation and
nomination process, Chairman of the Board, Torben Fristrup, has announced that
he has chosen to retire from the Board at the next Annual General Meeting (20
April 2016). At the time, Mr. Fristrup will have served 13 years in the Board
of Directors and 12 years as Chairman.

The Board of Directors has accepted Mr. Fristrup’s decision and has unanimously
decided to nominate Kjeld Johannesen for election as new Chairman following the
Annual General Meeting.

Kjeld Johannesen (b. 1953) has served as the CEO of Danish Crown since 1990.
Mr. Johannesen has been a member of the Board of Directors since 2014 and
vice-chairman since 2015.

If you have questions regarding this announcement, including requests for
comments from Torben Fristrup and Kjeld Johannesen, you are welcome to contact
Ole Madsen, SVP Communication & IR, at +45 96 34 40 10.

Kind Regards,
Spar Nord

Ole Madsen
Senior Vice President
Communication & IR

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