GROUP EXECUTIVE MANAGEMENT Sydbank

NASDAQ OMX Copenhagen London Stock Exchange Bourse de Luxembourg Other stakeholders

Company Announcement No 39/2016

Peberlyk 4

6200 Aabenraa Denmark

Tel+45 74 37 37 37

Fax +45 74 37 35 36

Sydbank NS

CVR No DK 12626509,Aabenraa sydbank.dk

26 September 2016

Dear Sirs

Sydbank share buyback programme: transactions i n week 38

On 24 February 2016 Sydbank announced a share buyback programme of DKK

350m. The share buyback commenced on 29 February 2016 and will be completed by 31 December 2016.

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 the European Commission's Regulation No 2273/2003 of 22 December 2003, known as the Safe Harbour Regulation.

The foIIow1nq transactions have been made under the share bUYIback proqramme:

Number

of shares

VWAP

Gross value

(DKK)

Accumulated,

most recent announcement

1,514,425

273,093,145.25

  1. September 2016

  2. September 2016

  3. September 2016

  4. September 2016

  5. September 2016

3,800

3,000

3,000

2,500

3,000

207.44

205.21

207.45

207.01

204.23

788,272.00

615,630.00

622,350.00

517,525.00

612,690.00

Total over week 38

15,300

3,156,467.00

Total accumulated during

the share buyback programme

1,529,725

276,249,612.25

All transactions were made under ISIN DK 0010311471 and effected by Danske Bank

N S on behalf of Sydbank N 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 2,338,755 own shares, equal to 3.24% of the Bank's share capital.

Yours sincerely

Karen Fr0sig, CEO Enc

(I/)

Bjarne Larsen, Deputy Group Chief Executive

Volume

Price

Venue

Time CET

13

207,8

XCSE

20160919 09:47:31.073000

115

207,8

XCSE

20160919 09:47:37.971000

30

207,8

CHIX

20160919 09:47:37.982000

10

207,8

TRQX

20160919 09:47:37.982000

32

207,8

BATE

20160919 09:47:37.982000

34

207,4

BATE

20160919 10:06:40.602000

45

207,4

XCSE

20160919 10:06:40.613000

34

207,4

BATE

20160919 10:06:40.699000

9

207,4

CHIX

20160919 10:06:40.699000

78

207,4

XCSE

20160919 10:06:40.706000

300

207,6

BATE

20160919 11:15:31.259000

34

208

XCSE

20160919 11:42:34.257000

216

208

XCSE

20160919 11:42:34.257000

184

207,7

XCSE

20160919 11:43:22.380000

56

208,2

XCSE

20160919 13:02:16.400000

93

208,2

BATE

20160919 13:02:17.544000

87

208,2

CHIX

20160919 13:02:17.544000

31

208,2

TRQX

20160919 13:02:17.544000

333

208,2

XCSE

20160919 13:02:17.544000

51

207,3

BATE

20160919 13:26:04.171000

51

207,3

BATE

20160919 13:26:33.061000

14

207,3

CHIX

20160919 13:26:33.061000

38

207,3

XCSE

20160919 13:26:33.072000

57

207,3

XCSE

20160919 13:26:33.072000

89

207,3

XCSE

20160919 13:26:33.072000

966

207,2

XCSE

20160919 14:03:58.521000

51

207

BATE

20160919 16:14:08.177000

17

207

TRQX

20160919 16:14:08.178000

48

207

CHIX

20160919 16:14:08.178000

184

207

XCSE

20160919 16:14:08.188000

16

206,8

BATE

20160919 16:39:31.492000

110

206,8

XCSE

20160919 16:39:31.493000

74

206,8

XCSE

20160919 16:39:31.493000

33

206,7

BATE

20160919 16:39:43.300000

18

206,7

BATE

20160919 16:39:53.511000

48

206,7

CHIX

20160919 16:39:53.511000

17

206,7

TRQX

20160919 16:39:53.511000

184

206,7

XCSE

20160919 16:39:53.522000

Volume

Price

Venue

Time CET

18

204,4

BATE

20160920 09:05:03.069000

24

204,4

CHIX

20160920 09:05:03.069000

500

204,4

XCSE

20160920 09:05:03.071000

56

204,4

XCSE

20160920 09:05:03.071000

2

204,4

XCSE

20160920 09:05:03.240000

102

204

CHIX

20160920 10:29:19.555000

180

204

TRQX

20160920 10:29:19.627000

54

204

TRQX

20160920 10:29:19.627000

55

203,5

CHIX

20160920 10:38:04.815000

21

204,8

CHIX

20160920 11:45:01.259000

34

204,8

TRQM

20160920 11:45:01.293000

50

206,1

XCSE

20160920 12:25:40.250000

85

206,1

XCSE

20160920 12:25:40.250000

37

206,1

BATE

20160920 12:27:17.259000

34

206,1

CHIX

20160920 12:27:17.262000

12

206,1

TRQX

20160920 12:27:17.262000

132

206,1

XCSE

20160920 12:27:17.268000

17

205,6

BATD

20160920 13:02:23.615000

47

205,6

XCSE

20160920 13:03:16.360000

31

205,6

XCSE

20160920 13:03:16.360000

30

206,2

BATD

20160920 14:27:20.088000

12

206,2

TRQX

20160920 14:30:11.359000

35

206,2

CHIX

20160920 14:30:11.359000

38

206,2

BATE

20160920 14:30:11.359000

135

206,2

XCSE

20160920 14:30:11.365000

93

205,6

TRQX

20160920 14:48:18.314000

81

205,6

TRQX

20160920 14:48:18.314000

85

205,6

XCSE

20160920 14:52:33.401000

350

205,8

BATD

20160920 16:06:22.726000

154

205,6

XCSE

20160920 16:21:59.608000

39

205,6

CHIX

20160920 16:21:59.619000

43

205,6

BATE

20160920 16:21:59.619000

14

205,6

TRQX

20160920 16:21:59.619000

13

205,3

TRQX

20160920 16:34:15.311000

37

205,3

CHIX

20160920 16:34:15.311000

41

205,3

BATE

20160920 16:34:15.311000

145

205,3

XCSE

20160920 16:34:15.318000

30

205,1

TRQM

20160920 16:43:20.396000

131

205,1

XCSE

20160920 16:43:20.437000

3

205,1

XCSE

20160920 16:43:20.571000

Volume

Price

Venue

Time CET

32

206,7

CHIX

20160921 09:40:23.988000

34

206,7

BATE

20160921 09:40:23.988000

12

206,7

TRQX

20160921 09:40:23.988000

122

206,7

XCSE

20160921 09:40:23.998000

122

207

XCSE

20160921 09:43:57.216000

12

207

TRQX

20160921 09:43:57.226000

34

207

BATE

20160921 09:43:57.226000

32

207

CHIX

20160921 09:43:57.226000

152

206,7

XCSE

20160921 10:15:11.862000

15

206,7

TRQX

20160921 10:15:11.873000

40

206,7

CHIX

20160921 10:15:11.873000

43

206,7

BATE

20160921 10:15:11.873000

350

208

XCSE

20160921 11:15:40.680000

500

207,5

XCSE

20160921 11:19:32.156000

350

208,8

DCSE

20160921 12:49:04.372000

52

206,7

CHIX

20160921 14:40:07.294000

202

206,7

XCSE

20160921 14:40:07.301000

4

206,7

CHIX

20160921 14:40:07.315000

1

206,7

BATE

20160921 14:40:07.315000

22

206,7

TRQX

20160921 14:40:16.720000

56

206,7

CHIX

20160921 14:40:16.721000

3

206,7

BATE

20160921 14:40:16.721000

10

206,7

XCSE

20160921 14:40:16.731000

129

208

XCSE

20160921 16:06:05.508000

3

208

XCSE

20160921 16:06:05.508000

77

208

XCSE

20160921 16:06:05.508000

41

208

XCSE

20160921 16:06:05.508000

152

207,7

XCSE

20160921 16:11:26.801000

98

207,7

XCSE

20160921 16:11:31.252000

70

206,8

XCSE

20160921 16:45:33.710000

18

206,8

TRQX

20160921 16:46:08.245000

18

206,8

TRQX

20160921 16:46:15.112000

48

206,8

CHIX

20160921 16:46:15.112000

34

206,8

BATE

20160921 16:46:15.112000

112

206,8

XCSE

20160921 16:46:15.114000

Volume

Price

Venue

Time CET

200

206,9

CHIX

20160922 09:29:26.220000

200

206,85

CHIX

20160922 10:37:07.521000

13

206,9

TRQX

20160922 11:00:23.969000

33

206,9

CHIX

20160922 11:00:23.969000

35

206,9

BATE

20160922 11:00:23.969000

119

206,9

XCSE

20160922 11:00:23.970000

3

206,9

XCSE

20160922 13:58:10.483000

69

207,2

CHIX

20160922 14:49:29.239000

100

207,2

CHIX

20160922 14:49:29.239000

81

207,2

XCSE

20160922 14:49:29.241000

100

207,2

XCSE

20160922 14:49:29.241000

68

207,2

CHIX

20160922 14:49:35.209000

140

207,2

CHIX

20160922 14:49:35.209000

82

207,2

XCSE

20160922 14:49:35.210000

171

207,2

XCSE

20160922 14:49:35.210000

62

207,2

XCSE

20160922 14:49:45.959000

24

207,2

XCSE

20160922 14:49:45.959000

98

206,9

CHIX

20160922 15:38:44.386000

73

206,9

CHIX

20160922 15:38:44.461000

29

206,9

XCSE

20160922 15:49:30.713000

400

207

CHIX

20160922 16:22:08.792000

97

206,9

XCSE

20160922 16:28:29.759000

22

206,9

XCSE

20160922 16:28:57.470000

33

206,9

CHIX

20160922 16:28:57.470000

35

206,9

BATE

20160922 16:28:57.471000

13

206,9

TRQX

20160922 16:28:57.471000

119

206,8

XCSE

20160922 16:38:33.074000

35

206,8

BATE

20160922 16:38:33.084000

11

206,8

BATE

20160922 16:38:33.187000

24

206,8

BATE

20160922 16:38:33.493000

11

206,8

CHIX

20160922 16:38:33.493000

Volume

Price

Venue

Time CET

110

204,5

CHIX

20160923 09:25:43.378000

90

204,5

CHIX

20160923 09:25:43.378000

110

204

XCSE

20160923 09:30:55.212000

7

204

XCSE

20160923 09:30:55.212000

14

204

TRQX

20160923 09:30:55.222000

34

204

CHIX

20160923 09:30:55.222000

35

204

BATE

20160923 09:30:55.222000

117

204,5

XCSE

20160923 10:07:44.158000

35

204,5

BATE

20160923 10:07:44.173000

34

204,5

CHIX

20160923 10:07:44.173000

14

204,5

TRQX

20160923 10:07:44.173000

35

204

BATE

20160923 10:15:07.515000

14

204

TRQX

20160923 10:15:07.516000

34

204

CHIX

20160923 10:15:07.516000

117

204

XCSE

20160923 10:15:07.526000

131

203,5

XCSE

20160923 10:18:20.608000

52

203,5

BATE

20160923 10:18:22.443000

26

203,5

BATE

20160923 10:18:53.902000

21

203,5

CHIX

20160923 10:18:53.909000

26

203,5

BATE

20160923 10:18:53.909000

44

203,5

BATE

20160923 10:18:54.096000

35

203,6

BATE

20160923 12:53:53.126000

4

203,6

XCSE

20160923 12:54:15.836000

21

203,6

BATE

20160923 13:08:30.947000

26

203,6

XCSE

20160923 13:09:04.055000

14

203,6

BATE

20160923 13:09:39.660000

21

203,6

BATE

20160923 13:10:06.236000

14

203,6

BATE

20160923 13:10:53.428000

Sydbank A/S published this content on 26 September 2016 and is solely responsible for the information contained herein.
Distributed by Public, unedited and unaltered, on 26 September 2016 10:45:03 UTC.

Original documenthttp://www.sydbank.com/inc/pdf/sydbankcom/announcements/2016/announcement_39-16.pdf

Public permalinkhttp://www.publicnow.com/view/07A884C273F71A2FC47EF8AAAA7C7B7E8BE04675