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

                                Number of shares   VWAP  Gross value (DKK)

Accumulated from last announcement 733,931 41,501,277

9 May 2016 25,000 52.94 1,323,500

10 May 2016 26,000 52.79 1,372,540

11 May 2016 24,000 53.42 1,282,080

12 May 2016 22,000 53.44 1,175,680

13 May 2016 20,000 53.19 1,063,800

Total – week 19 117,000 6,217,600

Total - accumulated 850,931 47,718,877

Following the above transactions, Spar Nord holds a total of 886,316 own
shares, equal to 0.71 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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