Sydbank — Capital/Financing Update 2007

Sep 12, 2007

OMX Nordic Exchange Copenhagen A/S London Stock Exchange Bourse de Luxembourg Other stakeholders

Stock Exchange Announcement No 16/07

Date Direct tel +45 74 36 20 50

Dear Sirs

Extraordinary General Meeting

An Extraordinary General Meeting at Sydbank held today, adopted the proposals submitted by the Board of Directors for a capital reduction as well as amendments to the Articles of Association.

The Bank's share capital will be reduced by DKK 25m nominal to DKK 675m nominal. The capital reduction is effected through the repayment of a part of the Bank's portfolio of own shares. It is expected that this capital reduction will have been finally implemented in December 2007 – on expiry of the 3 months' notice.

Yours faithfully

Mogens Asmund Group Executive Vice President

Group Executive Management Peberlyk 4 PO Box 1038 DK-6200 Aabenraa

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

www.sydbank.com SWIFT SYBKDK22

Sydbank A/S CVR No DK 12626509, Aabenraa

12 September 2007 mogens.asmund@sydbank.dk