SP Group

Transaction in Own Shares • Jan 23, 2015

Announcement No. 04 / 2015 23 January, 2015 CVR No. 15701315

NASDAQ Copenhagen A/S Nikolaj Plads 6 1007 København K

Share buy-back programme at SP Group A/S

On 11 April 2014, SP Group initiated a share buy-back programme, cf. company announcement no. 15/2014 of 27 March 2014. The share buy-back programme has been increased and extended according to company announcement no. 61/2014. According to the programme, SP Group will in the period from 11 April 2014 until 10 April 2015 purchase own shares for a maximum amount of DKK 14.0 million.

The share buy-back programme was initiated and structured in compliance with the EU Commission Regulation No. 2273/2003 of 22 December 2003 (the so-called Safe Harbour Regulative for share buy-back programmes).

The following transactions have been made under the programme:

	No. of shares purchased back	Average transaction price	Amount (DKK)
Accumulated latest
announcement	40,295	244.32	9,844,930.17
16 January 2015	505	240.00	121,200.00
19 January 2015	410	243.95	100,019.99
20 January 2015	0	0	0
21 January 2015	3	247.00	741.00
22 January 2015	0	0	0
Accumulated this week	918	241.79	221,960.99
Accumulated under
the programme	41,213	244.26	10,066,891.16

As of today, SP Group's total holding of own shares is 47,322 number of shares of a nominal value of DKK 10, corresponding to 2.34 % of the total number of issued shares of 2,024,000.

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.