Sydbank — Regulatory Filings 2011

May 19, 2011

News Details

UK Regulatory | 19 May 2011 13:37

Moody’s changes rating but continues to regard Sydbank as systemically important

Sydbank A/S / Miscellaneous

19.05.2011 13:37

Dissemination of a UK Regulatory Announcement, transmitted by
DGAP - a company of EquityStory AG.
The issuer is solely responsible for the content of this announcement.

---

Aabenraa, Denmark, 2011-05-19 13:37 CEST (GLOBE NEWSWIRE) --
Moody's Investors Service has changed the ratings of a number of Danish banks,
including Sydbank.

Moody's continues to confirm the systemic support for Sydbank, but effective 19
May 2011 Moody's has changed the rating of the Bank's long-term debt from A1
(negative outlook) to A2 (stable outlook) and BFSR from C+ (negative outlook)
to C (stable outlook).

The changes primarily reflect Moody's concern that following the bankruptcy of
Amagerbanken and the use of Bank Package III, the terms of raising liquidity
will become more difficult for Danish banks in general. Furthermore, Moody's
refers to the continued low growth of the Danish economy.

Sydbank's current ratings:

Long-term debt: A2 (stable outlook)

BFSR: C (stable outlook)

Short-term debt: P1

Preben L. Hansen, Deputy Group Chief Executive, comments:

'In relative terms we are pleased with the A2-rating and the C-rating for BFSR
- both ratings with stable outlook.

Moreover, we are pleased that Moody's confirms systemic support for Sydbank.

The immediate effect will be modest also because the Bank's liquidity situation
is relatively comfortable. In addition, with a solvency ratio of over 15% and a
core capital ratio of over 14% Sydbank will not have to obtain new
shareholders' equity via the market in the future'.
News Source: NASDAQ OMX

19.05.2011 DGAP's Distribution Services include Regulatory Announcements,
Financial/Corporate News and Press Releases.
Media archive at www.dgap-medientreff.de and www.dgap.de

---

Language: English
Company: Sydbank A/S

                Denmark

Phone:
Fax:
E-mail:
Internet:
ISIN: DK0010311471
Category Code: MSC
LSE Ticker: 0G6U
Sequence Number: 814
Time of Receipt: May 19, 2011 13:37:20

End of Announcement DGAP News-Service

---