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Sydbank Earnings Release 2011

Aug 16, 2011

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Aabenraa, Denmark, 2011-08-16 13:29 CEST (GLOBE NEWSWIRE) --
Summary

The Sydbank Group recorded a pre-tax profit of DKK 181m. The result is
adversely affected by a provision for the Deposit Guarantee Fund in connection
with the bankruptcies of Amagerbanken and Fjordbank Mors.

The return on average shareholders' equity before tax of 3.8% p.a. is not
satisfactory in absolute terms albeit acceptable given the current market
conditions.

The Group continues to project core earnings before impairment charges for
loans and advances in the region of DKK 1.7-2.0bn in 2011 - unchanged compared
with previous announcements.

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Sydbank — Earnings Release 2011

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Sydbank Earnings Release 2011