Grønlandsbanken — Capital/Financing Update 2021

Oct 13, 2021

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To Nasdaq OMX Copenhagen 13 October 2021 Company announcement no. 15/2021

The BANK of Greenland has issued DKK 50 million Senior Non-Preferred

Referring to company announcement no. 14/2021 dated 4 October 2021, it is announced that as part of the ongoing process to optimize the capital structure, The BANK of Greenland has issued DKK 50 million Senior Non-Preferred.

The bonds have a maturity of five years with a possibility to call after four years and any time thereafter subject to approval by the Danish Financial Supervisory Authority (Finanstilsynet). The bonds have a fixed coupon rate of 1.859% in the first four years, and thereafter a floating rate. The bonds are issued with ISIN no. DK0030494778.

Senior Non-Preferred is an instrument that is designed to meet the MREL requirement which will be further phased in over the coming years.

Nykredit Bank A/S is the sole lead manager of the issue.

Best regards The BANK of Greenland

Contact: General Manager Martin Kviesgaard, tel.: +299 34 7802 / mail: mbk@banken.gl