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Spar Nord Bank

Major Shareholding Notification Nov 14, 2012

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Acquisition of equity interest and voting interest after completion of
merger

Pursuant to section 29(1), 3rd sentence, of the Danish Securities Trading
Act, we hereby announce that following completion of the merger between Spar
Nord Bank A/S and Sparbank A/S, with Spar Nord Bank A/S as the continuing bank,
the Spar Vest Foundation disclosed today that it has acquired an equity
interest in Spar Nord Bank A/S as follows:

· Shares: 7,045,928 shares of nominally DKK
10, equal to 5.6% of the share capital of Spar Nord Bank A/S.

· Votes: 7,045,928, corresponding to 5.6%
of the votes in Spar Nord Bank A/S.

Please direct any questions you
may have to Ole Madsen, SVP Corporate Communication, who can be reached on tel.
+45 9634 4010.

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