Sydbank — M&A Activity 2020

Oct 30, 2020

GROUP EXECUTIVE MANAGEMENT

Sydbank

Nasdaq Copenhagen A/S
London Stock Exchange
Bourse de Luxembourg
Other stakeholders
Company Announcement No 25/2020

Peberlyk 4
6200 Aabenraa, Denmark
Tel +45 74 37 37 37
Fax +45 74 37 35 36
Sydbank A/S
CVR No DK 12626509, Aabenraa
sydbank.dk

30 October 2020

Dear Sirs

Sydbank A/S to acquire Alm. Brand Bank A/S – terms of acquisition have been met

We refer to Sydbank’s Company Announcement No 22 dated 1 October 2020 and can inform you that the Danish Financial Supervisory Authority and the Danish Competition and Consumer Authority have approved the acquisition by Sydbank A/S of Alm. Brand Bank A/S.

It is expected that the transaction will be implemented as soon as possible and no later than by the end of November 2020.

Yours sincerely

Sydbank A/S