Ringkjøbing Landbobank — Capital/Financing Update 2021

Jun 23, 2021

FINAL TERMS

MIFID II PRODUCT GOVERNANCE / PROFESSIONAL INVESTORS AND ECPS ONLY TARGET MARKET — Solely for the purposes of each manufacturer's product approval process, the target market assessment in respect of the Notes has led to the conclusion that: (i) the target market for the Notes is eligible counterparties and professional clients only, each as defined in Directive 2014/65/EU (as amended, "MiFID II"); and (ii) all channels for distribution of the Notes to eligible counterparties and professional clients are appropriate. Any person subsequently offering, selling or recommending the Notes (a "distributor") should take into consideration the manufacturers' target market assessment; however, a distributor subject to MiFID II is responsible for undertaking its own target market assessment in respect of the Notes (by either adopting or refining the manufacturers' target market assessment) and determining appropriate distribution channels.

PROHIBITION OF SALES TO EEA AND UK RETAIL INVESTORS - The Notes are not intended, from 1 January 2018, to be offered, sold or otherwise made available to and, with effect from such date, should not be offered, sold or otherwise made available to any retail investor in the European Economic Area ("EEA") or in the United Kingdom ("UK"). For these purposes, a retail investor means a person who is one (or more) of: (i) a retail client as defmed in point (11) of Article 4(1) of MiFID II: (ii) a customer within the meaning of Directive 2016/97/EU ("IDD"), where that customer would not qualify as a professional client as defined in point (10) of Article 4(1) of MiFID II. Consequently no key information document required by Regulation (EU) No 1286/2014 (the "PRIIPs Regulation") for offering or selling the Notes or otherwise making them available to retail investors in the EEA or in the UK has been prepared and therefore offering or selling the Notes or otherwise making them available to any retail investor in the EEA or in the UK may be unlawful under the PRIIPS Regulation.

21 June 2021

RINGKJOBING LANDBOBANK AKTIESELSKAB

Legal entity identifier (LEI): 2138002M5U5K4OUMVV62

Issue of EUR 15,000,000 Callable Non-Preferred Senior Fixed Rate Notes due 23 June 2027 under the €2,000,000,000 Euro Medium Term Note Programme

PART A — CONTRACTUAL TERMS

Terms used herein shall be deemed to be defined as such for the purposes of the Conditions set forth in the Prospectus dated 24 June 2020 which constitutes a base prospectus (the "Prospectus") for the purposes of Regulation (EU) 2017/1129 (as amended or superseded, the "Prospectus Regulation"). This document constitutes the Final Terms of the Notes described herein for the purposes of Article 8 of the Prospectus Regulation and must be read in conjunction with such Prospectus. Full information on the Issuer and the offer of the Notes is Only available on the basis of the combination of these Final Terms and the Prospectus. The Prospectus is available for viewing on the website of the Regulatory News Service operated by the London Stock Exchange, www.londonstockexchange.com and at the registered office of the Issuer and at the specified offices of the Agent during normal business hours and copies may be obtained from the registered office of the Issuer and the specified offices of the Agent.

1.	(a)	Series Number:	28
	(b)	Tranche Number:	1
	(c)	Date on which the Notes become fungible:	Not Applicable
2.		Specified Currency:	Euro ("EUR")

1. Aggregate Nominal Amount:

	(a)	Series:	EUR 15,000,000
	(b)	Tranche:	EUR 15,000,000
4.	Issue Price:		100 per cent. of the Aggregate Nominal Amount
5.	(a)	Specified Denominations:	EUR 100,000
	(b)	Calculation Amount:	EUR 100,000
6.	(a)	Issue Date:	23 June 2021
	(b)	Interest Commencement Date:	Issue Date
7.		Maturity Date:	23 June 2027
8.	Interest Basis:		0.35 per cent. Fixed Rate
9.	Redemption/Payment Basis:		Subject to any purchase and cancellation or early redemption, the Notes will be redeemed on the Maturity Date at par
10.	Change of Interest Basis or Redemption/Payment Basis:		Not Applicable
11.	Put/Call Options:		Applicable
			Issuer Call and MREL Disqualification Event Redemption Option
12.	(a)	Status of the Notes:	Non-Preferred Senior
	(b)	Date Board approval for issuance of Notes obtained:	26 May 2020
		PROVISIONS RELATING TO INTEREST (IF ANY) PAYABLE

13.	Fixed Rate Note Provisions		Applicable
(a)		Rate of Interest:	0.35 per cent. per annum payable annually in arrear
	(b)	Interest Payment Date(s):	23 June in each year, not adjusted
	(c)	Fixed Coupon Amount(s): (Applicable to Notes in definitive form.)	EUR 350 per Calculation Amount
	(d)	Brøken Amount(s): (Applicable to Notes in definitive form.)	Not Applicable
	(e)	Day Count Fraction:	Actual/Actual (ICMA)
	(0	Determination Date(s):	23 June in each year
14.		Floating Rate Note Provisions	Not Applicable

15.	Reset Note Provisions:			Not Applicable
16.	Zero Coupon Note Provisions			Not Applicable
	PROVISIONS RELATING TO REDEMPTION
17.	Issuer Call:				Applicable
			Optional Redemption Date(s):		23 June 2026
			Optional Redemption Amount:		EUR 100,000 per Calculation Amount
			If redeemable in part:
		(D	Minimum Amount:	Redemption	Not Applicable
		(ii)	Maximum Amount:	Redemption	Not Applicable
	(d)	Notice period:			As set out in the Condition 7.5 in the Prospectus
18.	Clean-up Call Option			Not Applicable
19.	Investor Put:			Not Applicable
20.	MREL Disqualification Event Redemption Option:			Applicable
21.	Final Redemption Amount:			EUR 100,000 per Calculation Amount
22.	Early Redemption Amount payable on redemption for taxation reasons or on event of default if different from the principal amount of the Notes:			EUR 100,000 per Calculation Amount

GENERAL PROVISIONS APPLICABLE TO THE NOTES

1. Form of Notes:

	(a)	Form:	Temporary Global Note exchangeable for a Permanent Global Note which is exchangeable for Definitive Notes only upon an Exchange Event
	(b)	New Global Note:	Yes
25.	Days:	Additional Financial Centre(s) or other special provisions relating to Payment	TARGET2, London
26.	Talons for future Coupons or Receipts to be attached to Defmitive Notes (and dates on which such Talons mature):		No
27.		Details relating to Instalment Notes:
	(a)	Instalment Amount(s):	Not Applicable

	(b) Instalment Date(s):	Not Applicable
28.	Redenomination applicable:	Redenomination not applicable
29.	VP Notes:	Not Applicable
30.	MREL Disqualification Event Substitution/Variation Option:	Applicable
31.	Substitution and variation for Subordinated Notes	Not Applicable

SIGNATURE Signed on behalf of Ringkjøbing Landbobank Aktiesetskab: By: Duly authorised
Duly authorised
JoHn FISH's LAD HINDE

PART B—OTHER INFORMATION

1. LISTING AND ADMISSION TO TRADING

• (i) Listing and Admission to trading Application is expected to be made by the Issuer (or on its behalf) for the Notes to be admitted to trading on the London Stock Exchange's regulated market and to be listed on the Official List of the UK Listing Authority with effect from Issue Date.
• (ii) Estimate of total expenses related EUR 445 to admission to trading:

2. RATINGS

Ratings: The Notes to be issued have not been rated

3. INTERESTS OF NATURAL AND LEGAL PERSONS INVOLVED IN THE ISSUE

As far as the Issuer is aware, no person involved in the issue of the Notes has an interest material to the offer.

4. REASONS FOR THE OFFER, ESTIMATED NET PROCEEDS AND TOTAL EXPENSES

	(D	Reasons for the offer	General corporate purposes
	(ii)	Estimated net proceeds:	EUR 15,000,000
5.		YIELD (Fbced Rate Notes only)
		Indication of yield:	0.35 per cent per annum

6. OPERATIONAL INFORMATION

(i)	ISIN Code:	XS2357537666
(ii)	Common Code:	235753766
(iii) FISN		RINGKJOBING LBK/0.35 MTN 20270623
(iv) CFI Code		DTFXFB
(v)	Any clearing system(s) other than Euroclear and Bank SA/NV Clearstream Banking S.A. and the relevant identification number(s):	Not Applicable
(vi)	Delivery:	Delivery against payment
(vii)	Names and addresses of additional Paying Agent(s) (if any):	Not Applicable
(viii)	VP Issuing Agent:	Not Applicable

	(ix)	Intended to be held in a manner which would allow Eurosystem eligibility:	No. Whilst the designation is specified as "no" at the date of these Final Terms, should the Eurosystem eligibility criteria be amended in the future such that the Notes are capable of meeting them the Notes may then be deposited with one of the ICSDs as common safekeeper. Note that this does not necessarily mean that the Notes will then be recognised as eligible collateral for Eurosystem monetary policy and intra day credit operations by the Eurosystem at any time during their life. Such recognition will depend upon the ECB being satisfied that Eurosystem eligibility criteria have been met.
		Relevant Benchmark:	Not Applicable
7.		DISTRIBUTION

	If syndicated, names of Managers:	Not Applicable
	Date of Subscription Agreement:	Not Applicable
	Stabilising Manager(s):	Not Applicable
	Delivery:	Delivery against payment
	If non syndicated, name of relevant Dealer:	Jefferies GmbH
(vi)	U.S. Selling Restrictions:	TEFRA D Rules
(vii)	Prohibition of Sales to EEA and UK Retail Investors:	Applicable
(viii)	Prohibition of sales to Belgian Consumers	Applicable

THIRD PARTY INFORMATION

Not Applicable