Sydbank — Share Issue/Capital Change 2016

May 25, 2016

GROUP EXECUTIVE MANAGEMENT

Sydbank

NASDAQ OMX Copenhagen
London Stock Exchange
Bourse de Luxembourg
Other stakeholders
Company Announcement No 19/2016

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

25 May 2016

Dear Sirs

Change in share capital and number of voting rights in Sydbank A/S

At the AGM of Sydbank A/S on 17 March 2016 it was resolved to reduce the Bank's share capital by nominally DKK 20,098,000 by cancelling 2,009,800 shares which were acquired during the Bank's share buyback programme in 2015.

The capital reduction was implemented and registered today.

As a result Sydbank's total share capital represents nominally DKK 722,401,990, equivalent to 72,240,199 shares of DKK 10 each and 72,240,199 voting rights.

Yours sincerely

Karen Frøsig
CEO

Bjarne Larsen
Deputy Group Chief Executive