Sydbank — AGM Information 2014

Mar 13, 2014

Aabenraa, Denmark, 2014-03-13 17:37 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 after tax
of DKK 187m for 2013 as unsatisfactory. In the Directors’ Report Anders
Thoustrup also addressed:

-- the measures implemented after the Danish FSA’s inspection in Q4
-- the new capital and dividend policy
-- the acquisition of DiBa Bank.

At the AGM seven new members were elected and 36 members were re-elected to the
Shareholders’ Committee, which now counts 74 members.

KPMG Statsautoriseret Revisionspartnerselskab (CVR No 30700228) was
re-appointed auditor.