Sydbank — AGM Information 2013

Mar 14, 2013

Aabenraa, Denmark, 2013-03-14 17:30 CET (GLOBE NEWSWIRE) --
Today, Sydbank’s AGM gathered in Sønderjyllandshallen in Aabenraa and adopted
the Directors’ Report, the Annual Report and the recommendation for the
allocation of profit. As a result dividend will not be distributed.

Chairman of the Board of Directors, Anders Thoustrup, General Manager,
presented the Directors’ Report to the AGM and characterised profit before tax
of DKK 624m for 2012 as acceptable given the difficult economic climate.

The proposed amendments to the Articles of Association were adopted.
Consequently:

-- the age limit for members of the Shareholders’ Committee and the Board of
Directors is increased from 65 to 70

-- the term of office for members of the Shareholders’ Committee and the Board
of Directors is changed from four years to three years

-- a maximum term of office of 12 years for board members as a main rule

-- in exceptional cases option of electing board members who are not members
of the Shareholders’ Committee.

At the AGM six new members were elected and 13 members were re-elected to the
Shareholders’ Committee, which now counts 69 members.

KPMG Statsautoriseret Revisionspartnerselskab was re-appointed auditor.

The AGM renewed the authorisation to allow the Board of Directors to acquire
own shares. This authorisation shall apply for five years.