Sydbank — Share Issue/Capital Change 2019

Apr 30, 2019

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

Company Announcement No 06/2019

30 April 2019

Dear Sirs

Change in share capital

At the AGM of Sydbank A/S held on 21 March 2019 it was resolved to reduce the Bank's share capital by nominally DKK 59,169,540 by cancelling 5,916,954 shares which were purchased during the Bank's share buyback programme in 2018.

The capital reduction was implemented and registered with the Danish Business Authority today.

As a result Sydbank's total share capital represents nominally DKK 617,540,000, equal to 61,754,000 shares of DKK 10 each and 61,754,000 voting rights.

Yours sincerely

Karen Frøsig CEO

Bjarne Larsen Deputy Group Chief Executive

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