Ringkjøbing Landbobank — M&A Activity 2018

May 9, 2018

Nykredit

To Nasdaq Copenhagen

9 May 2018

Share purchase agreement

On 18 April 2018 Nordjyske Bank and Ringkjøbing Landbobank announced that their boards of directors had concluded a merger agreement and that the boards of directors of both banks would recommend their shareholders to vote in favour of the merger.

Nykredit has concluded a conditional agreement with Jyske Bank on the purchase of the shares in Ringkjøbing Landbobank received by Jyske Bank if the merger is completed.

As a result, Jyske Bank will back the merger and will therefore vote in favour of it at the forthcoming general meetings of Nordjyske Bank.

The shares will be purchased by Nykredit at a price of DKK 372 per share.

Nykredit plans to resell part of the shareholding in Ringkjøbing Landbobank to an institutional investor so that Nykredit's total ownership interest in Ringkjøbing Landbobank would be reduced to less than 10%.

Contact:

Questions may be directed to Press Relations, tel +45 44 55 14 50

Nykredit Realkredit A/S

CVR 12 71 92 80

Nykredit Realkredit A/S

Kalvebod Brygge 1-3

DK-1780 Copenhagen V

Tel +45 44 55 10 00

www.nykredit.dk