Spar Nord Bank

Capital/Financing Update • Feb 4, 2014

Moody’s Investors Service has announced that it withdraws all ratings of
Spar Nord Bank A/S (“Spar Nord”).

The withdrawal of ratings must be viewed in connection with Spar Nord’s
decision in May 2012 to terminate cooperation with Moody’s for business reasons
(see Company announcement 17/2012). Up until now, Moody’s has upheld its rating
of Spar Nord without Spar Nord’s cooperation, but this has now been
terminated.

For comments on this Company
Announcement, please contact Ole Madsen at (+45) 9634 4010.

Sincerely yours,
Spar Nord Bank A/S

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