GROUP EXECUTIVE MANAGEMENT Sydbank

NASDAQ OMX Copenhagen London Stock Exchange Bourse de Luxembourg Other stakeholders

Company Announcement No 52/2016

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

19 December 2016

Dear Sirs

Sydbank share buyback programme: transactions i n week 50

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

1,783,225

328,834,293.25

  1. December 2016

  2. December 2016

  3. December 2016

  4. December 2016

  5. December 2016

6,000

7,000

9,000

9,000

10,000

217.42

219.72

222.80

223.15

222.19

1,304,520.00

1,538,040.00

2,005,200.00

2,008,350.00

2,221,900.00

Total over week 50

41,000

9,078,010.00

Total accumulated during

the share buyback programme

1,824,225

337,912,303.25

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 2,623,629 own shares, equal to 3.63% of the Bank's share capital.

Yours sincerely

Karen Fr0sig, CEO Enc

(I/)

Bjarne Larsen, Deputy Group Chief Executive

Volume

Price

Venue

Time CET

215

218

XCSE

20161212 09:59:19.924000

19

218

TRQX

20161212 09:59:19.939000

49

218

CHIX

20161212 09:59:19.939000

17

218

BATE

20161212 09:59:19.941000

215

217.6

XCSE

20161212 10:04:58.106000

49

217.6

CHIX

20161212 10:06:32.542000

19

217.6

TRQX

20161212 10:06:32.562000

17

217.6

BATE

20161212 10:06:32.563000

115

217.4

XCSE

20161212 10:23:09.488000

100

217.4

XCSE

20161212 10:23:09.488000

17

217.4

BATE

20161212 10:23:09.497000

49

217.4

CHIX

20161212 10:23:09.497000

19

217.4

TRQX

20161212 10:23:09.497000

17

217.8

BATE

20161212 10:40:21.681000

49

217.8

CHIX

20161212 10:40:21.681000

19

217.8

TRQX

20161212 10:40:21.682000

75

217.8

XCSE

20161212 10:40:21.692000

140

217.8

XCSE

20161212 10:40:21.692000

19

217.5

TRQX

20161212 11:15:18.061000

17

217.5

BATE

20161212 11:15:18.061000

49

217.5

CHIX

20161212 11:15:18.061000

16

217.5

XCSE

20161212 11:15:18.072000

199

217.5

XCSE

20161212 11:15:21.151000

116

217.5

XCSE

20161212 12:11:47.061000

23

217.5

XCSE

20161212 12:11:47.061000

16

217.5

BATE

20161212 12:11:47.062000

30

217.5

BATE

20161212 12:11:47.062000

20

217.5

TRQX

20161212 12:26:33.018000

52

217.5

CHIX

20161212 12:26:33.018000

18

217.5

BATE

20161212 12:26:33.018000

100

217.5

XCSE

20161212 12:26:33.028000

98

217.5

XCSE

20161212 12:26:33.028000

27

217.5

XCSE

20161212 12:26:33.028000

33

217.2

TRQX

20161212 14:04:51.091000

72

217.2

CHIX

20161212 14:04:51.091000

10

217.2

CHIX

20161212 14:04:51.091000

28

217.2

BATE

20161212 14:04:51.091000

57

217.2

XCSE

20161212 14:04:51.102000

192

217.2

XCSE

20161212 14:04:51.102000

108

217.2

XCSE

20161212 14:04:51.102000

28

217.6

BATE

20161212 14:16:41.682000

333

218

XCSE

20161212 14:19:37.817000

4

218

XCSE

20161212 14:19:37.817000

31

218

TRQX

20161212 14:19:37.832000

27

218

BATE

20161212 14:19:37.832000

77

218

CHIX

20161212 14:19:37.833000

28

217.7

BATE

20161212 15:12:06.242000

357

217.7

XCSE

20161212 15:12:16.886000

115

217.7

XCSE

20161212 15:12:16.928000

285

217

XCSE

20161212 15:33:29.196000

115

217

XCSE

20161212 15:36:26.308000

15

217.4

TRQX

20161212 15:52:48.196000

11

217.4

TRQX

20161212 15:52:48.196000

17

217.4

CHIX

20161212 15:52:48.197000

15

217.4

CHIX

20161212 15:52:48.197000

24

217.4

XCSE

20161212 15:52:48.198000

48

217.4

XCSE

20161212 15:52:48.198000

65

217.4

XCSE

20161212 15:52:48.198000

103

217.4

XCSE

20161212 15:52:48.198000

24

217.4

XCSE

20161212 15:52:48.368000

65

217.4

XCSE

20161212 15:52:48.368000

48

217.4

XCSE

20161212 15:52:48.368000

24

217.4

XCSE

20161212 15:52:48.368000

25

217.4

XCSE

20161212 15:52:48.368000

16

217.4

XCSE

20161212 15:52:48.368000

28

216.8

BATE

20161212 16:19:35.059000

30

216.8

CHIX

20161212 16:19:35.059000

99

217

XCSE

20161212 16:21:28.695000

149

217

XCSE

20161212 16:21:28.695000

80

217

XCSE

20161212 16:21:28.695000

51

217

XCSE

20161212 16:21:28.695000

21

217

XCSE

20161212 16:21:28.695000

42

217.2

TRQX

20161212 16:38:05.549000

106

217.2

CHIX

20161212 16:38:05.549000

37

217.2

BATE

20161212 16:38:05.549000

457

217.2

XCSE

20161212 16:38:05.559000

357

217.1

XCSE

20161212 16:44:17.804000

143

217.1

XCSE

20161212 16:44:22.566000

Volume

Price

Venue

Time CET

22

217.3

TRQX

20161213 09:27:45.075000

56

217.3

CHIX

20161213 09:27:45.075000

19

217.3

BATE

20161213 09:27:45.075000

160

217.3

XCSE

20161213 09:27:45.086000

56

217.3

XCSE

20161213 09:27:45.086000

37

217.3

XCSE

20161213 09:27:45.086000

2350

219

XCSE

20161213 11:56:42.333306

109

220.4

XCSE

20161213 12:16:36.748000

65

220.4

XCSE

20161213 12:16:36.748000

126

220.4

XCSE

20161213 12:16:36.748000

41

220.4

BATE

20161213 13:06:18.981000

19

220.4

TRQX

20161213 13:06:18.981000

48

220.4

CHIX

20161213 13:06:18.981000

8

220.4

CHIX

20161213 13:06:18.981000

17

220.4

BATE

20161213 13:06:18.981000

105

220.4

CHIX

20161213 13:06:18.981000

34

220.4

XCSE

20161213 13:06:18.982000

12

220.4

CHIX

20161213 13:06:19.180000

216

220.4

XCSE

20161213 13:06:19.181000

56

220.3

CHIX

20161213 13:49:03.348000

50

220.3

XCSE

20161213 14:13:53.180000

50

220.3

XCSE

20161213 14:14:12.500000

50

220.3

XCSE

20161213 14:14:28.114000

1

220.3

CHIX

20161213 14:15:16.213000

212

220.5

XCSE

20161213 14:23:20.467000

18

220.5

TRQX

20161213 14:23:20.482000

16

220.5

BATE

20161213 14:23:20.483000

47

220.5

CHIX

20161213 14:23:20.483000

77

220.3

XCSE

20161213 14:24:19.178000

55

220.3

CHIX

20161213 14:24:19.361000

11

220.3

XCSE

20161213 14:24:19.367000

22

220

TRQX

20161213 14:31:00.479000

56

220

CHIX

20161213 14:31:00.479000

19

220

BATE

20161213 14:31:00.479000

253

220

XCSE

20161213 14:31:00.480000

720

219.7

XCSE

20161213 14:31:00.480000

10

220.1

BATE

20161213 15:07:51.257000

30

220.1

CHIX

20161213 15:07:51.257000

11

220.1

TRQX

20161213 15:07:51.257000

136

220.1

XCSE

20161213 15:07:51.267000

100

220.2

XCSE

20161213 16:01:10.550000

100

220.3

XCSE

20161213 16:07:09.761000

65

220.3

XCSE

20161213 16:07:09.783000

35

220.3

XCSE

20161213 16:07:10.255000

115

220.6

BATE

20161213 16:11:21.366000

23

220.6

CHIX

20161213 16:11:21.366000

15

220.6

CHIX

20161213 16:11:21.366000

108

220.6

CHIX

20161213 16:11:21.366000

18

220.6

XCSE

20161213 16:11:21.367000

60

220.6

XCSE

20161213 16:11:21.367000

61

220.6

XCSE

20161213 16:11:46.881000

100

220.3

XCSE

20161213 16:17:12.186000

35

220.9

XCSE

20161213 16:37:06.442000

103

220.9

XCSE

20161213 16:37:22.911000

97

220.9

XCSE

20161213 16:37:39.761000

70

220.9

XCSE

20161213 16:37:39.763000

95

220.9

XCSE

20161213 16:37:39.763000

200

220.7

XCSE

20161213 16:41:59.141000

200

220.7

XCSE

20161213 16:41:59.162000

Volume

Price

Venue

Time CET

67

220.9

XCSE

20161214 09:09:42.162000

67

220.9

XCSE

20161214 09:09:42.317000

66

220.9

XCSE

20161214 09:09:42.472000

2000

223.1

XCSE

20161214 10:27:17.848467

54

223.1

CHIX

20161214 11:35:18.260000

73

223.1

CHIX

20161214 11:35:18.260000

67

223.1

CHIX

20161214 11:35:18.260000

400

223.1

XCSE

20161214 11:35:18.262000

6

223.1

XCSE

20161214 11:36:35.016000

100

223

XCSE

20161214 11:38:55.489000

100

223

XCSE

20161214 11:39:16.135000

200

223

XCSE

20161214 11:39:16.135000

48

223

XCSE

20161214 11:39:19.539000

52

223

XCSE

20161214 11:39:32.478000

100

223

XCSE

20161214 11:39:32.478000

64

223

XCSE

20161214 12:43:06.099000

36

223

XCSE

20161214 12:43:06.099000

100

223

XCSE

20161214 12:43:18.027000

224

223

XCSE

20161214 12:43:18.027000

29

223

XCSE

20161214 12:43:18.027000

147

223

XCSE

20161214 12:43:18.027000

120

222.7

XCSE

20161214 13:00:40.654000

380

222.7

XCSE

20161214 13:00:40.654000

361

222.7

XCSE

20161214 14:27:22.542000

31

222.7

TRQX

20161214 14:27:22.552000

29

222.7

BATE

20161214 14:27:22.552000

72

222.7

CHIX

20161214 14:27:22.552000

7

222.7

CHIX

20161214 14:27:22.552000

21

222.8

TRQX

20161214 15:02:35.751000

9

222.8

BATE

20161214 15:02:35.752000

55

222.8

CHIX

20161214 15:02:35.752000

135

222.8

XCSE

20161214 15:02:35.761000

119

222.8

XCSE

20161214 15:02:38.295000

Sydbank A/S published this content on 19 December 2016 and is solely responsible for the information contained herein.
Distributed by Public, unedited and unaltered, on 19 December 2016 08:53:11 UTC.

Original documenthttp://www.sydbank.com/inc/pdf/sydbankcom/announcements/2016/announcement_52-16.pdf

Public permalinkhttp://www.publicnow.com/view/C41D162183BF1D60089B97A2DD2B4266E4409488