12 December 2016 Company Announcement No. 54, 2016 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 under the European Commission’s Regulation No. 596/2014 of 16 April 2014 (the “Market Abuse Regulation”) In week 49 of 2016, the following transactions have been made under the programme: Number of shares VWAP Gross value (DKK) ------------------------------------------------------------------------------ Accumulated from last announcement 2,311,642 133,229,565 ------------------------------------------------------------------------------ 5 December 2016 10,000 73.47 734,700 ------------------------------------------------------------------------------ 6 December 2016 12,000 74.00 888,000 ------------------------------------------------------------------------------ 7 December 2016 14,000 74.56 1,043,840 ------------------------------------------------------------------------------ 8 December 2016 12,000 74.49 893,880 ------------------------------------------------------------------------------ 9 December 2016 11,000 76,14 837,540 ------------------------------------------------------------------------------ Total – week 49 59,000 4,297,960 ------------------------------------------------------------------------------ Total - accumulated 2,370,642 137,627,525 ------------------------------------------------------------------------------ Following the above transactions, Spar Nord holds a total of 2,404,535own shares, equal to 1.92 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 Appendix – data on transactions Volume Price Venue Time CET 1762 73,5 XCSE 20161205 11:33:14.181000 238 73,5 XCSE 20161205 11:48:31.600000 1762 73 XCSE 20161205 13:11:15.984000 4000 73,5 XCSE 20161205 15:29:24.112158 223 73,75 XCSE 20161205 16:21:04.459000 444 73,75 BATD 20161205 16:21:04.474000 643 73,75 CHID 20161205 16:21:04.474000 671 73,75 TRQM 20161205 16:21:04.474000 28 73,75 CHID 20161205 16:21:04.545000 229 73,75 CHID 20161205 16:21:04.615000 Volume Price Venue Time CET 1749 74 XCSE 20161206 15:06:52.039000 3497 74 XCSE 20161206 15:06:52.039000 94 74 TRQX 20161206 15:06:52.038000 52 74 CHIX 20161206 15:06:52.038000 105 74 BATE 20161206 15:06:52.038000 189 74 TRQX 20161206 15:06:52.038000 104 74 CHIX 20161206 15:06:52.038000 210 74 BATE 20161206 15:06:52.038000 1749 74 XCSE 20161206 15:23:03.678000 52 74 CHIX 20161206 15:23:03.678000 105 74 BATE 20161206 15:23:03.678000 94 74 TRQX 20161206 15:23:03.677000 1749 74 XCSE 20161206 16:37:45.626000 1749 74 XCSE 20161206 16:37:45.626000 52 74 CHIX 20161206 16:37:45.624000 52 74 CHIX 20161206 16:37:45.624000 105 74 BATE 20161206 16:37:45.624000 105 74 BATE 20161206 16:37:45.624000 94 74 TRQX 20161206 16:37:45.624000 94 74 TRQX 20161206 16:37:45.624000 Volume Price Venue Time CET 5000 74,5 XCSE 20161207 10:39:44.453558 9000 74,59 XCSE 20161207 17:00:40.735366 Volume Price Venue Time CET 2000 74,5 XCSE 20161208 12:24:27.379000 2000 74,5 XCSE 20161208 12:24:27.379000 214 74 TRQX 20161208 12:24:27.586000 1286 74,5 XCSE 20161208 14:36:51.355000 107 74,5 TRQX 20161208 14:36:51.371000 177 74,5 XCSE 20161208 14:59:55.277000 21 74,5 XCSE 20161208 15:00:25.309000 249 74,5 XCSE 20161208 15:09:37.372000 160 74,5 XCSE 20161208 15:29:04.908000 5000 74,5 XCSE 20161208 16:46:58.119961 786 74,5 XCSE 20161208 16:54:31.482000 Volume Price Venue Time CET 11000 76,14 XCSE 20161209 16:40:42.784392