Spar Nord Bank A/S today published a prospectus in connection with an offering
of new shares with pre-emptive rights for the bank's existing shareholders at
the ratio of 1:1 at a price of DKK 16 per share with a nominal value of DKK 10
and with gross proceeds of approximately DKK 913 million. The offering is fully
underwritten. 


Further to the resolution adopted at the extraordinary general meeting of Spar
Nord Bank A/S (the “Bank” or “Spar Nord”) held on 1 March 2012, the Bank today
published a prospectus in connection with an offering of shares with
pre-emptive rights for the Bank's existing shareholders (the “Offering”). 

The Offering consists of up to 57,068,810 new shares with a nominal value of
DKK 10 each (the “Offer Shares”) with pre-emptive rights for the existing
shareholders at the ratio of 1:1 (to the effect that shareholders will be
allocated one (1) pre-emptive right for each existing share held, and that one
(1) pre-emptive right will be required to subscribe for one (1) Offer Share).
The offer price is DKK 16 per Offer Share (the “Offer Price”). 

The Offering is underwritten by Carnegie Investment Bank AB and Danske Bank
A/S, and, subject to the satisfaction of certain conditions in the underwriting
agreement, the Bank has thus been guaranteed the subscription of a total of
57,068,810 Offer Shares corresponding to the total gross proceeds of DKK
approximately 913.1 million in connection with the Offering.