Nasdaq Copenhagen A/S London Stock Exchange Bourse de Luxembourg Other stakeholders   Company Announcement No 38/2018   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    
16 July 2018  

Dear Sirs

Sydbank share buyback programme: transactions in week 28

On 20 February 2018 Sydbank announced a share buyback programme of DKK 500m and on 22 June the programme was increased to DKK 1,250m. The share buyback commenced on 21 February 2018 and will be completed by 31 January 2019. The purpose of the share buyback programme is to reduce the share capital of Sydbank and the programme is executed in compliance with the provisions of Regulation (EU) No 596/2014 of the European Parliament and of the Council of 16 April 2014 and the Commission Delegated Regulation (EU) 2016/1052 of 8 March 2016, collectively referred to as the Safe Harbour rules.

The following transactions have been made under the share buyback programme:

  Number of shares VWAP   Gross value (DKK)
Accumulated, most recent announcement 1,733,000   389,224,170.00
09 July 2018 10 July 2018 11 July 2018 12 July 2018 13 July 2018 45,000 40,000 30,000 28,000 25,000 223.93 227.78 226.64 228.77 227.11 10,076,850.00 9,111,200.00 6,799,200.00 6,405,560.00 5,677,750.00
Total over week 28 168,000   38,070,560.00
Total accumulated during the share buyback programme   1,901,000     427,294,730.00

                                            All transactions were made under ISIN DK 0010311471 and effected by Danske Bank A/S on behalf of Sydbank A/S. Further information about the transactions, cf Article 5 of Regulation (EU) No 596/2014 of the European Parliament and of the Council on market abuse and the Commission delegated regulation, is available in the attachment. Following the above transactions, Sydbank holds a total of 2,634,706 own shares, equal to 3.89% of the Bank’s share capital. Yours sincerely                                  Karen Frøsig                                      Bjarne Larsen CEO                                                  Deputy Group Chief Executive

Attachment