Sydbank — Capital/Financing Update 2012

Feb 23, 2012

NASDAQ OMX Copenhagen London Stock Exchange Bourse de Luxembourg Other stakeholders

Company Announcement No 06/2012

Peberlyk 4 · PO Box 1038 DK-6200 Aabenraa

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

svdbank.com SWIFT SYBKDK22

Sydbank A/S CVR No DK 12626509, Aabenraa

23 February 2012

Dear Sirs

Early repayment of subordinated loan

The Danish FSA has approved Sydbank's early repayment of a subordinated loan of EUR 100m with ordinary maturity on 4 April 2015. The Ioan will be repaid effective 4 April 2012. After repayment the Bank's solvency ratio, which represented 16.1% at 31 December 2011, will constitute 15.1% measured at 31 December 2011.

Yours sincerely

Nail Mellyaund

Niels Møllegaard Group Executive Vice President