Spar Nord Bank

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 41 of 2016, the following transactions have been made under the
programme:

                                Number of shares   VWAP  Gross value (DKK)

Accumulated from last announcement 1,986,000 110,478,077

10 October 2016 8,000 65.50 524,000

11 October 2016 8,000 65.35 522,800

12 October 2016 6,000 65.57 393,420

13 October 2016 7,000 65.36 457,520

14 October 2016 8,000 65.87 526,960

Total – week 41 37,000 2,424,700

Total - accumulated 2,023,000 112,902,777

Following the above transactions, Spar Nord holds a total of 2,094,944 own
shares, equal to 1.67 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
[email protected]

AI Terminal