GROUP EXECUTIVE MANAGEMENT Sydbank

NASDAQ OMX Copenhagen London Stock Exchange Bourse de Luxembourg Other stakeholders

Company Announcement No 49/2016

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

28 November 2016

Dear Sirs

Sydbank share buyback programme: transactions i n week 47

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

1,717,725

315,092,203.25

  1. November 2016

  2. November 2016

  3. November 2016

  4. November 2016

  5. November 2016

5,000

4,000

6,000

5,000

5,000

211.14

214.59

209.71

208.05

207.96

1,055,700.00

858,360.00

1,258,260.00

1,040,250.00

1,039,800.00

Total over week 47

25,000

5,252,370.00

Total accumulated during

the share buyback programme

1,742,725

320,344,573.25

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 2,538,895 own shares, equal to 3.51% of the Bank's share capital.

Yours sincerely

Karen Fr0sig, CEO Enc

(I/)

Bjarne Larsen, Deputy Group Chief Executive

Volume

Price

Venue

Time CET

153

210,5

XCSE

20161121 09:45:19.311000

20

210,5

TRQX

20161121 09:45:19.321000

53

210,5

CHIX

20161121 09:45:19.321000

24

210,5

BATE

20161121 09:45:19.321000

153

210,6

XCSE

20161121 10:07:59.301000

20

210,6

TRQX

20161121 10:07:59.311000

24

210,6

BATE

20161121 10:07:59.311000

22

210,6

CHIX

20161121 10:07:59.311000

31

210,6

CHIX

20161121 10:07:59.311000

154

211,5

BATE

20161121 11:03:19.547000

76

211,5

XCSE

20161121 11:03:19.549000

15

211,5

XCSE

20161121 11:03:19.549000

105

211,5

XCSE

20161121 11:03:19.549000

33

211,7

BATE

20161121 11:16:35.652000

74

211,7

CHIX

20161121 11:16:35.652000

106

211,7

XCSE

20161121 11:16:35.662000

109

211,7

XCSE

20161121 11:16:35.662000

28

211,7

TRQX

20161121 11:16:35.666000

33

211,8

BATE

20161121 12:19:25.682000

74

211,8

CHIX

20161121 12:19:25.682000

28

211,8

TRQX

20161121 12:19:25.682000

215

211,8

XCSE

20161121 12:19:25.692000

53

211,7

XCSE

20161121 12:45:00.669000

162

211,7

XCSE

20161121 12:45:00.670000

2

211,7

TRQX

20161121 12:45:00.679000

26

211,7

TRQX

20161121 12:45:00.679000

49

211,7

CHIX

20161121 12:45:00.679000

25

211,7

CHIX

20161121 12:45:00.679000

33

211,7

BATE

20161121 12:45:00.679000

5

211,3

BATE

20161121 12:52:56.195000

28

211,3

TRQX

20161121 12:53:38.128000

28

211,3

BATE

20161121 12:53:38.128000

74

211,3

CHIX

20161121 12:53:38.128000

45

211,3

XCSE

20161121 12:53:38.139000

170

211,3

XCSE

20161121 12:53:38.139000

85

211,4

CHIX

20161121 13:55:29.491000

21

211,4

TRQX

20161121 13:55:29.679000

56

211,4

CHIX

20161121 13:55:29.679000

25

211,4

BATE

20161121 13:55:29.679000

163

211,4

XCSE

20161121 13:55:29.689000

215

211,5

XCSE

20161121 14:09:26.797000

28

211,5

TRQX

20161121 14:09:26.806000

33

211,5

BATE

20161121 14:09:26.806000

74

211,5

CHIX

20161121 14:09:26.806000

128

211

XCSE

20161121 15:54:15.888000

177

211

XCSE

20161121 15:54:15.888000

41

211

TRQX

20161121 15:54:15.898000

106

211

CHIX

20161121 15:54:15.898000

48

211

BATE

20161121 15:54:15.898000

90

211

CHIX

20161121 15:54:21.671000

22

211

XCSE

20161121 16:02:09.483000

13

211

TRQX

20161121 16:05:02.075000

8

211

TRQX

20161121 16:05:02.075000

16

211

BATE

20161121 16:05:02.075000

55

211

CHIX

20161121 16:05:02.075000

9

211

BATE

20161121 16:05:02.075000

137

211

XCSE

20161121 16:05:02.085000

127

210,6

CHIX

20161121 16:26:36.314000

58

210,6

BATE

20161121 16:26:36.314000

49

210,6

TRQX

20161121 16:26:36.315000

10

210,6

XCSE

20161121 16:26:36.325000

356

210,6

XCSE

20161121 16:26:36.325000

33

210,7

BATE

20161121 16:32:31.654000

87

210,7

CHIX

20161121 16:32:31.654000

103

210,7

CHIX

20161121 16:32:31.654000

261

210,7

XCSE

20161121 16:32:31.656000

37

210,7

XCSE

20161121 16:32:31.656000

79

210,7

XCSE

20161121 16:32:31.656000

Volume

Price

Venue

Time CET

45

213,4

XCSE

20161122 10:29:07.995000

20

213,4

XCSE

20161122 10:29:07.995000

108

213,4

XCSE

20161122 10:29:07.995000

127

213,4

XCSE

20161122 10:29:07.995000

24

213,7

XCSE

20161122 12:03:16.510000

276

213,7

XCSE

20161122 12:03:16.510000

200

214,2

XCSE

20161122 13:51:09.093000

200

214,2

XCSE

20161122 13:51:09.093000

368

214

XCSE

20161122 14:33:59.352000

49

214

TRQX

20161122 14:33:59.361000

56

214

BATE

20161122 14:33:59.362000

126

214

CHIX

20161122 14:33:59.362000

1

214

XCSE

20161122 14:33:59.391000

115

214,6

CHIX

20161122 15:16:45.756000

485

214,6

XCSE

20161122 15:16:45.757000

414

215,3

XCSE

20161122 16:09:09.992000

120

215,3

XCSE

20161122 16:09:10.149000

117

215,3

XCSE

20161122 16:09:10.252000

120

215,3

XCSE

20161122 16:09:10.292000

29

215,3

XCSE

20161122 16:09:10.443000

216

215,1

XCSE

20161122 16:11:48.445000

134

215,1

XCSE

20161122 16:11:48.488000

650

215,15

CHIX

20161122 16:18:41.070000

Volume

Price

Venue

Time CET

78

213,5

BATD

20161123 10:17:32.350000

32

213,6

BATE

20161123 10:17:32.420000

8

213,6

XCSE

20161123 10:17:32.421000

320

213,6

XCSE

20161123 10:17:32.421000

62

213,6

XCSE

20161123 10:17:32.421000

313

211

XCSE

20161123 11:31:12.924000

39

211

TRQX

20161123 11:31:12.924000

44

211

BATE

20161123 11:31:12.924000

104

211

CHIX

20161123 11:31:12.924000

66

210

XCSE

20161123 12:25:34.225000

39

211,1

TRQX

20161123 13:04:59.316000

44

211,1

BATE

20161123 13:04:59.316000

104

211,1

CHIX

20161123 13:04:59.316000

313

211,1

XCSE

20161123 13:04:59.317000

34

210,9

TRQX

20161123 13:51:09.583000

38

210,9

BATE

20161123 13:51:09.583000

91

210,9

CHIX

20161123 13:51:09.583000

108

210,9

XCSE

20161123 13:51:09.595000

163

210,9

XCSE

20161123 13:51:09.596000

2000

208,8

XCSE

20161123 16:43:01.298457

2000

208,7

XCSE

20161123 16:48:06.332870

Volume

Price

Venue

Time CET

2500

207,7

XCSE

20161124 12:34:15.881595

38

207,9

TRQX

20161124 15:35:51.327000

43

207,9

BATE

20161124 15:35:51.328000

102

207,9

CHIX

20161124 15:35:51.328000

317

207,9

XCSE

20161124 15:35:51.338000

1500

208,6

XCSE

20161124 16:00:48.252066

500

208,3

XOFF

20161124 16:21:42.682216

Volume

Price

Venue

Time CET

1000

208,4

XOFF

20161125 10:47:50.227530

100

208,3

XCSE

20161125 11:26:57.409000

107

208,3

XCSE

20161125 11:26:57.409000

107

208,3

CHIX

20161125 11:26:57.415000

134

208,3

XCSE

20161125 11:27:02.211000

77

208,3

XCSE

20161125 11:27:02.211000

15

208,3

TRQX

20161125 11:27:02.219000

9

208,3

TRQX

20161125 11:27:02.220000

16

208,3

BATE

20161125 11:27:02.220000

41

208,3

CHIX

20161125 11:27:02.220000

25

208,3

CHIX

20161125 11:27:02.220000

10

208,3

BATE

20161125 11:27:02.220000

24

207,9

CHIX

20161125 13:50:47.958000

321

207,9

XCSE

20161125 13:50:54.563000

38

207,9

TRQX

20161125 13:50:54.567000

76

207,9

CHIX

20161125 13:50:54.567000

41

207,9

BATE

20161125 13:50:54.567000

13

207,9

XCSE

20161125 16:18:58.768000

20

207,9

XCSE

20161125 16:18:58.768000

100

207,9

XCSE

20161125 16:18:58.768000

79

207,9

BATE

20161125 16:19:01.010000

621

207,9

XCSE

20161125 16:19:07.192000

189

207,9

CHIX

20161125 16:19:07.182000

79

207,9

BATE

20161125 16:19:07.182000

33

207,85

BATD

20161125 16:18:58.676000

33

207,85

CHIX

20161125 16:18:58.676000

33

207,85

TRQM

20161125 16:18:58.725000

50

207,8

XCSE

20161125 15:59:52.456000

32

207,8

TRQX

20161125 16:17:04.066000

251

207,8

XCSE

20161125 16:19:49.935000

38

207,8

XCSE

20161125 16:19:49.935000

2

207,8

TRQX

20161125 16:19:49.924000

90

207,8

CHIX

20161125 16:19:49.924000

12

207,8

BATE

20161125 16:19:49.924000

15

207,8

BATE

20161125 16:19:49.924000

10

207,8

XCSE

20161125 16:19:50.150000

48

207,6

XCSE

20161125 15:17:10.951000

290

207,6

XCSE

20161125 15:17:10.951000

65

207,6

BATE

20161125 15:17:10.940000

61

207,6

TRQX

20161125 15:17:10.940000

161

207,6

CHIX

20161125 15:17:10.941000

110

207,6

XCSE

20161125 15:17:40.079000

65

207,6

XCSE

20161125 15:30:32.656000

226

207,4

XCSE

20161125 09:56:03.955000

26

207,4

TRQX

20161125 09:56:03.964000

28

207,4

BATE

20161125 09:56:03.965000

16

207,4

CHIX

20161125 09:56:03.965000

54

207,4

CHIX

20161125 09:56:03.965000

1

206,9

XCSE

20161125 09:27:13.099000

Sydbank A/S published this content on 28 November 2016 and is solely responsible for the information contained herein.
Distributed by Public, unedited and unaltered, on 28 November 2016 08:41:05 UTC.

Original documenthttp://www.sydbank.com/inc/pdf/sydbankcom/announcements/2016/announcement_49-16.pdf

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