Spar Nord Bank

Capital/Financing Update • Jan 9, 2012

To Nasdaq OMX Copenhagen and Oslo Stock Exchange

9 January 2012 Company Announcement no. 1

Premature redemption of subordinated loan of NOK 220 million

In 2006, Spar Nord floated a subordinated loan of NOK 220 million with an option of premature redemption as from 20 February 2012. In light of the approval granted by the Danish Financial Supervisory Authority and in accordance with the Bank's ordinary policy in this area, Spar Nord has decided to exercise this option.

For more details, please feel free to contact the undersigned at tel. +45 9634 4010.

Sincerely yours, Spar Nord Bank A/S

Ole Madsen Senior Vice President, Corporate Communication

Spar Nord Bank A/S

Direktionen

Postboks 162

9100 Aalborg

Reg. nr. 9380

Telefon 96 34 40 00

Telefax 96 34 45 62