Spar Nord Bank

Transaction in Own Shares • Nov 14, 2016

In the Annual Report 2015, Spar Nord announced a share buyback programme of DKK
150 million. The buy-back was initiated on 15 February 2016 and will be
completed no later than 31 December 2016.

The purpose of buying back shares is to reduce the share capital of Spar Nord,
and the programme is executed under the European Commission’s Regulation No.
596/2014 of 16 April 2014 (the “Market Abuse Regulation”)

In week 45 of 2016, the following transactions have been made under the
programme:

                                Number of shares   VWAP  Gross value (DKK)

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Accumulated from last announcement 2,153,000 121,752,997

7 October 2016 10,000 69.38 693,600

8 November 2016 11,000 69.49 764,390

9 November 2016 14,000 68.44 958,160

10 November 2016 13,000 69.94 909,220

11 November 2016 11,247 69.81 785,153

Total – week 45 59,247 4,110,523

Total - accumulated 2,212,247 125,863,520

Following the above transactions, Spar Nord holds a total of 2,322,558 own
shares, equal to 1.85 per cent of the Bank’s share capital.

Questions regarding this announcement can be directed to the undersigned at
tel. +45 25 27 05 80.

Sincerely yours,
Spar Nord

Ole Madsen
Senior Vice President, Communication & IR
Telephone: +45 96344010
oma@sparnord.dk