Alm. Brand — M&A Activity 2020

Oct 30, 2020

Approval of Sydbank A/S' acquisition of Alm. Brand Bank A/S

With reference to company announcement no. 40/2020 of 1 October 2020, Alm. Brand A/S hereby informs that Sydbank A/S' acquisition of Alm. Brand Bank A/S is approved by both the Danish Financial Supervisory Authority and the Danish Competition and Consumer Authority.

The transaction is expected to be completed as soon as possible and no later than end of November 2020.

Contact

Please direct any questions regarding this announcement to:

Investors and equity analysts:

First Vice President, Investor Relations Senior Investor Relations Officer Lars Holm Mikael Bo Larsen Mobile no. +45 2510 4717 Mobile no. +45 5143 8002

Press:

Head of Media Relations Maria Lindeberg Mobile no. +45 2499 8455