In the Annual Report 2015, Spar Nord announced a share buyback programme of DKK 150 million. The buy-back was initiated on 15 February 2016 and will be completed no later than 31 December 2016. The purpose of buying back shares is to reduce the share capital of Spar Nord, and the programme is executed in compliance with the European Commission’s Regulation No 2273/2003 of 22 December 2002 (the Safe Harbour Regulation). In week 12 of 2016, the following transactions have been made under the programme: Number of shares VWAP Gross value (DKK) ------------------------------------------------------------------------------ Accumulated from last announcement 328,431 18,492,167 ------------------------------------------------------------------------------ 21 March 2016 10,000 62.18 621,800 ------------------------------------------------------------------------------ 22 March 2016 10,000 62.35 623,500 ------------------------------------------------------------------------------ 23 March 2016 9,000 62.83 565,470 ------------------------------------------------------------------------------ Total – week 12 29,000 1,810,770 ------------------------------------------------------------------------------ Total - accumulated 357,431 20,302,937 ------------------------------------------------------------------------------ Following the above transactions, Spar Nord holds a total of 468,096 own shares, equal to 0.37 per cent of the Bank’s share capital. Questions regarding this announcement can be directed to the undersigned at tel. +45 25 27 05 80. Sincerely yours, Spar Nord Ole Madsen Senior Vice President, Communication & IR Telephone: +45 96344010 oma@sparnord.dk