Sydbank — Share Issue/Capital Change 2017

May 2, 2017

GROUP EXECUTIVE MANAGEMENT

Sydbank

Nasdaq Copenhagen A/S
London Stock Exchange
Bourse de Luxembourg
Other stakeholders

Company Announcement No 17/2017

Peborlyk 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.com

2 May 2017

Dear Sirs

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

At the AGM of Sydbank A/S on 23 March 2017 it was resolved to reduce the Bank's share capital by nominally DKK 18,790,250 by cancelling 1,879,025 shares which were acquired during the Bank's share buyback programme in 2016.

The capital reduction was implemented and registered today.

As a result Sydbank's total share capital represents nominally DKK 703,611,740, equivalent to 70,361,174 shares of DKK 10 each and 70,361,174 voting rights.

Yours sincerely

Karen Frøsig
CEO

Bjarne Larsen
Deputy Group Chief Executive