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Spar Nord Bank

Capital/Financing Update Jan 9, 2012

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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

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