Spar Nord Bank

AGM Information • Apr 1, 2011

Notice convening the Annual General
Meeting

Pursuant to Article 10 of the Articles of Association, shareholders are hereby
invited to attend the Annual General Meeting of

       <b style="mso-bidi-font-weight: normal">Spar Nord Bank A/S

on Wednesday, 27 April 2011 at 4 p.m. at the address, Europahallen, Aalborg
Kongres & Kultur Center, Europa Plads 4, DK-9000 Aalborg, Denmark.

             <b style="mso-bidi-font-weight: normal">Agenda

1. Election of the Chairman of the Meeting.

The Supervisory Board nominates Laurits
Toft, Attorney.

1. The Supervisory Board's report regarding the Company's activities
   during the past year.

2. The presentation of the audited Parent Company financial statements and
   the consolidated financial statements, together with a resolution for their
   adoption.

3. A resolution regarding the application of the profits or the covering
   of any loss according to the financial statements as adopted.

The Supervisory Board recommends that no
dividends be paid for 2010.

1. A resolution to empower the Supervisory Board to buy treasury shares.

With reference to section 198 of the
Danish Companies Act, the Supervisory Board recommends that the Supervisory
Board be authorized to permit the Company, in the period until the next Annual
General Meeting, to acquire treasury shares having a nominal value of up to 10%
of the share capital at the market price prevailing at the time of acquisition,
subject to a deviation of max. 10%.

1. Election of members of the Supervisory Board; see Article 16(1).

The Supervisory Board recommends the
re-election of Per Nikolaj Bukh, Per Søndergaard Pedersen and Hans Østergaard.
Reference is made to Spar Nord Bank's Annual Report for 2010 regarding
information about each of the incumbent board members and a description and
assessment of the composition of the Supervisory Board.

1. Election of an auditor.

The Supervisory Board recommends the
re-election of KPMG Statsautoriseret Revisionspartnerselskab as the Company's
auditor.

1. Presentation of a winding-up plan pursuant to the Danish Act on
   Financial Stability.

Shareholders are requested to take a
position on the issue of whether the Company wants to announce whether it
intends to use the winding-up plan referred to in the Danish Act on Financial
Stability.

Pursuant to the Act on Financial
Stability, the Supervisory Board is required to ask shareholders at the first
General Meeting after the entry into force of the Act whether they wish to
announce whether the Bank intends to use the winding-up plan referred to in the
Act on Financial Stability in the event that the Bank becomes distressed. It is
entirely up to the shareholders at the General Meeting to take a position on
the winding-up procedure or not.

The Supervisory Board recommends that
the Company refrain from announcing whether it intends to use the winding-up
plan referred to in the Act on Financial Stability if the Company becomes
distressed.

1. Presentation of the Company's remuneration policy for approval pursuant
   to the Danish Financial Services Act.

2. Any other business.

The agenda and the complete wording of the proposals intended to be submitted
at the Annual General Meeting will be available for inspection by the
shareholders at the Company's address and at www.sparnord.dk as from 1 April
2011.

Any shareholder who has been recorded
as of the cut-off date or has requested that his shares be registered in the
Register of Shareholders and who has ordered an admission card by Wednesday, 20
April, is entitled to attend the General Meeting.

Admission cards are obtainable upon
application at the Company's address, Skelagervej 15, 9000 Aalborg or can be
ordered by telephone at +45 9634 4017 (the Management Secretariat).

A proxy form and a document for use when voting by post may be downloaded from
www.sparnord.dk and may be sent to Computershare A/S, Kongevejen 418, DK-2840
Holte before the General Meeting.

Any proxy forms and postal votes must reach Computershare A/S by 20 April 2011.

The cut-off date is 20 April 2011.

Spar Nord Bank's share capital amounts to DKK 570,688,100, divided into shares
in the denomination of DKK 10.

The provisions of the Articles of Association regarding voting right are as
follows:

Article 9 (1). A shareholder who owns at least 20,000 shares (a major
shareholder) on the cut-off date one week before the General Meeting shall be
entitled to exercise his voting rights at the General Meeting.

Article 10(4). The right of shareholders to exercise their voting rights at a
General Meeting shall be exercised through the delegates. But this shall not
apply to the shareholders referred to in Article 9 (1).

Article 15(1). Delegates who are also members of the Bank Committee represent
the share capital that has been registered as belonging to the relevant
shareholder region on the cut-off date one week before the relevant General
Meeting is held. Each delegate represents equal fractions of the share capital,
calculated based on the number of delegates immediately prior to the General
Meeting.

Article 15(2). A major shareholder, see Article 9(1), represents the share
capital that has been registered as of the cut-off date one week before the
General Meeting, or regarding which a request for registration has been made as
of the same date.

Article 15(3). In order to be admitted to the General Meeting and be entitled
to vote, a delegate or the major shareholder shall have requested an admission
card no later than three days before the relevant General Meeting.

Spar Nord Bank's shareholders may exercise their financial rights through Spar
Nord Bank A/S.

                            Sincerely yours,


       <b style="mso-bidi-font-weight: normal">Spar Nord Bank A/S


                            Torben Fristrup


                    Chairman of the Supervisory Board