Sydbank — Board/Management Information 2010

Nov 30, 2010

Sydbank A/S / Miscellaneous

30.11.2010 09:56

Dissemination of a UK Regulatory Announcement, transmitted by DGAP - a company of EquityStory AG. The issuer is solely responsible for the content of this announcement.

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Nasdaq OMX Copenhagen London Stock Exchange Bourse de Luxembourg Other stakeholders

Company Announcement No 12/10 Group Executive Management

Peberlyk 4 ? PO Box 1038

DK-6200 Aabenraa

Tel +45 74 37 37 37 Fax +45 74 37 35 36

sydbank.com SWIFT SYBKDK22

Sydbank A/S CVR No DK 12626509, Aabenraa

30 November 2010

Dear Sirs

In the light of the speculation in the media, Sydbank's Board of Directors have discussed possible future candidates for the offices of chairman and vice-chairman when the present Chairman, Kresten Philipsen, retires as Chairman at the next general meeting in 2011.

As a result of the discussions, the present Board of Directors propose Anders Thoustrup as Chairman and Hanni Toosbuy Kasprzak as Vice-Chairman. Both have agreed to stand as candidates for these positions.

'With this team Sydbank's chairmanship will be very strong. I could not imagine a better team to carry on the work of one of the largest and strongest banks in Denmark and this is why we are already recommending Anders Thoustrup and Hanni Toosbuy Kasprzak', says Chairman Kresten Philipsen.

In addition Otto Christensen has informed that he does not wish to stand again and has therefore already now decided to resign from the Bank's Board of Directors.

The election of members to the Board of Directors as well as the election of the Chairman and Vice-Chairman of the new Board of Directors will take place in connection with the annual general meeting on Thursday 10 March 2011 and the subsequent Shareholders' Committee meeting held on the same day.

If you have any enquiries in respect of the above, please contact Chairman Kresten Philipsen on telephone +45 7468 8888 or mobile 2020 4828. Yours sincerely

Karen Frosig CEO

News Source: NASDAQ OMX

30.11.2010 DGAP's Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases. Media archive at www.dgap-medientreff.de and www.dgap.de

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Language: English Company: Sydbank A/S

Denmark

Phone: Fax: E-mail: Internet:

ISIN: DK0010311471

Category Code: MSC LSE Ticker: 0G6U Sequence Number: 621

Time of Receipt: Nov 30, 2010 09:56:32

End of Announcement DGAP News-Service

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