Sydbank — Delisting Announcement 2014

Jan 9, 2014

Aabenraa, Denmark, 2014-01-09 09:30 CET (GLOBE NEWSWIRE) -- In continuation of
Company Announcement No 20/2013 dated 20 December 2013 released by Sydbank A/S
("Sydbank"), Sydbank, holding 97,3% of the share capital and voting rights in
DiBa Bank A/S (CVR No 32 12 77 11) ("DiBa Bank"), has decided that the
remaining shareholders of DiBa Bank A/S are to have their shares redeemed by
Sydbank in pursuance of sections 70-72 of the Danish Companies Act. As stated
in the recommended voluntary tender offer submitted by Sydbank on 21 November
2013 regarding the shares in DiBa Bank, Sydbank intended to initiate a
compulsory redemption regarding the remaining shareholders of DiBa Bank,
provided that the terms and conditions of the tender offer were satisfied.

Compulsory redemption will be initiated on 15 January 2014 by letter to the
registered shareholders, by announcement on the website of DiBa Bank and by
advertisement in a national newspaper as well as a local newspaper (in
accordance with the Articles of Association of DiBa Bank regarding convening
general meetings).

The minority shareholders will be requested to transfer their shares in DiBa
Bank to Sydbank at a price of DKK 145 per share of DKK 20 nominal within 4
weeks. The deadline for the transfer of shares by the minority shareholders of
DiBa Bank to Sydbank will expire on 12 February 2014 at 23:59.

The price offered is equal to the price offered to the shareholders of DiBa
Bank in Sydbank’s recommended voluntary tender offer that expired on 19
December 2013 and as a result of which, following the implementation of the
tender offer, Sydbank holds more than 90% of the share capital and the voting
rights in DiBa Bank.