On 10 November 2014, Spar Nord Bank A/S (”Spar Nord”) published Company
Announcement No. 21, announcing that Spar Nord had decided to make a
conditional, voluntary public tender offer for the shares of A/S Nørresundby
Bank (”Nørresundby Bank”), with the shareholders of Nørresundby Bank being
offered two Spar Nord shares and a cash amount of DKK 309 for each share they
hold in Nørresundby Bank (the “Offer”). 

The Offer corresponds to a premium of 64% (1) compared with the closing market
price on 9 October 2014 immediately before Nørresundby Bank announced its plans
to merge with Nordjyske Bank A/S. 

In accordance with section 4 of Executive Order No. 562 of 2 June 2014
regarding takeover bids, etc., Spar Nord has today published an offering
document with a more specific description of the terms and conditions of the
Offer. 

The offering document is downloadable from www.sparnord.dk.

SKAT (the Danish Customs & Excise) has granted permission for a tax-free
exchange of shares for any Nørresundby Bank shareholders who might accept the
Offer, as more specifically described in the offering document. 

Sincerely yours,
Spar Nord Bank A/S



Ole Madsen
Senior Vice President
Communication  & IR




1) Based on the closing price (DKK 58.5) for the Spar Nord share on 5 December
2014