Sydbank — AGM Information 2017

Mar 23, 2017

• Making the 12-year limit on the term of office of board members absolute

Sydbank's Board of Directors was authorised to allow the Bank to acquire own shares at a total value of up to 10% of the Bank's share capital. The price paid for shares may not differ by more than 10% from the price quoted on Nasdaq Copenhagen at the time of purchase. This authorisation will apply for five years.

At the AGM four new members were elected and 31 members were reelected to the Shareholders' Committee, which now counts 67 members.

Ernst & Young, Godkendt Revisionspartnerselskab was re-appointed auditor.

Yours sincerely

Ben Paung

Biørn Schwarz Chief Communications Officer Group Executive Management Secretariat & Communications