Sydbank share buyback programme: transactions in week 42

Company Announcement No 34/2023	Peberlyk 4 6200 Aabenraa Denmark Tel [phone] Fax [phone] Sydbank A/S CVR No DK 12626509, Aabenraa sydbank.dk
23 October 2023

Dear Sirs

Sydbank share buyback programme: transactions in week 42
On 6 July 2023 Sydbank announced a share buyback programme of DKK 600m. The share buyback programme commenced on 10 July 2023 and will be completed by 31 January 2024.

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 Regulation (EU) No 596/2014 of the European Parliament and of the Council of 16 April 2014 and Commission Delegated Regulation (EU) 2016/1052 of 8 March 2016, collectively referred to as the Safe Harbour rules.

The following transactions have been made under the share buyback programme:

	Number of shares	VWAP	Gross value (DKK)
Accumulated, most recent Announcement	1,002,800		327,672,938.00
16 October 2023 17 October 2023 18 October 2023 19 October 2023 20 October 2023	17,000 17,000 15,000 17,000 17,000	320.64 321.05 323.76 319.92 315.75	5,450,880.00 5,457,850.00 4,856,400.00 5,438,640.00 5,367,750.00
Total over week 42	83,000		26,571,520.00
Total accumulated during the share buyback programme	1,085,800		354,244,458.00

All transactions were made under ISIN DK 0010311471 and effected by Danske Bank A/S on behalf of Sydbank A/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 Commission delegated regulation, is available in the attachment.

Following the above transactions, Sydbank holds a total of 1,094,351 own shares, equal to 1.93% of the Bank’s share capital.

Yours sincerely
        
Karen Frøsig        Jørn Adam Møller
CEO        Deputy Group Chief Executive

Attachment

• SM 34 UK incl. enc