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 in compliance with the European Commission’s
Regulation No 2273/2003 of 22 December 2002 (the Safe Harbour Regulation).

In week 25 of 2016, the following transactions have been made under the
programme:

                                Number of shares   VWAP  Gross value (DKK)

Accumulated from last announcement 1,225,931 68,020,007

20 June 2016 15,000 54.58 818,700

21 June 2016 15,000 54.17 812,550

22 June 2016 15,000 54.00 810,000

23 June 2016 19,000 54.10 1,027,900

24 June 2016 30,000 51.49 1,544,700

Total – week 25 94,000 5,013,850

Total - accumulated 1,319,931 73,033,857

Following the above transactions, Spar Nord holds a total of 1,455,497 own
shares, equal to 1.16 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]

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