Annual General Meeting of Spar Nord Bank

4/18/2012 12:44 PM EST

Spar Nord Bank A/S
Decisions of annual general meeting

Annual General Meeting of Spar Nord Bank


<span lang="EN-GB" style="font-family: Verdana, Geneva, sans-serif; font-size:
10pt">At the Annual General Meeting held on 18 April, the shareholders:
</span><span lang="EN-GB" style="font-family: Verdana, Geneva, sans-serif;
font-size: 10pt"> </span> 

<span lang="EN-GB" >·         </span><span lang="EN-GB"
>adopted the
reports submitted and approved the allocation of net profit</span> 

<span lang="EN-GB" >·         </span><span lang="EN-GB"
>adopted the
proposed </span><span lang="EN" style="font-family: Verdana, Geneva,
sans-serif; font-size: 10pt">authority granted to Spar Nord Bank to acquire its
own shares </span> 

<span lang="EN-GB" >·         </span><span lang="EN"
>adopted the
remuneration policy proposed by the Board of Directors </span> 

<span lang="EN-GB" >·         </span><span lang="EN"
>re-appointed
KPMG Statsautoriseret Revisionspartnerselskab as external auditors</span> 

<b ><span style="font-family: Verdana,
Geneva, sans-serif; font-size: 10pt"> </span> 

<b ><span lang="EN-GB" style="font-family:
Verdana, Geneva, sans-serif; font-size: 10pt">Supervisory Board</span> 

<span lang="EN-GB" style="font-family: Verdana, Geneva, sans-serif; font-size:
10pt">The following members were re-elected: Torben Fristrup, CEO, Vestbjerg,
and Carsten Normann, CEO, Vejle</span> 

<span lang="EN-GB" style="font-family: Verdana, Geneva, sans-serif; font-size:
10pt">Kaj Christiansen, CEO, Frederikshavn, and Laila Mortensen, CEO,
Copenhagen, were elected as new members.</span> 

<span lang="EN-GB" style="font-family: Verdana, Geneva, sans-serif; font-size:
10pt">The Supervisory Board also consists of Per Nikolaj Bukh, Professor,
Risskov, and Hans Østergaard, Chartered Accountant, Aalborg, and the members
elected by the employees: Jannie Skovsen, Work Place Representative, Ole Skov,
Senior Workplace Representative, and Gitte Holmgaard Sørensen, Workplace
Representative.</span> 

<span lang="EN-GB" style="font-family: Verdana, Geneva, sans-serif; font-size:
10pt">At the following Board Meeting for the purpose of electing officers, the
Supervisory Board appointed Torben Fristrup Chairman and Per Nikolaj Bukh
Deputy Chairman.</span> 

<b ><span lang="EN-GB" style="font-family:
Verdana, Geneva, sans-serif; font-size: 10pt">Spar Nord Foundation</span> 

<span lang="EN-GB" style="font-family: Verdana, Geneva, sans-serif; font-size:
10pt">After the Annual General Meeting of Spar Nord Bank, an election was held
to the Executive Committee of the Spar Nord Foundation. The following were
elected: Bjarne Damm Johansen, Attorney (Chair.), Kaj Christiansen, CEO  
(Deputy Chair.), Lars Bloch, CEO, Carsten Normann, CEO, Otto Skak, General
Manager, Jannie Skovsen, Workplace Representative, Gitte Holmgaard Sørensen,
Workplace Representative, and Ivan Østergaard, Paint Dealer.</span> 

<span lang="EN-GB" style="font-family: Verdana, Geneva, sans-serif; font-size:
10pt"> </span> 

<span lang="EN-GB" style="font-family: Verdana, Geneva, sans-serif; font-size:
10pt">Best Regards,</span> 

<span lang="EN-GB" style="font-family: Verdana, Geneva, sans-serif; font-size:
10pt">Corporate Communication</span> 

<span lang="EN-GB" style="font-family: Verdana, Geneva, sans-serif; font-size:
10pt"> </span> 

<span lang="EN-GB" style="font-family: Verdana, Geneva, sans-serif; font-size:
10pt">Ole Madsen</span> 

<span lang="EN-GB" style="font-family: Verdana, Geneva, sans-serif; font-size:
10pt">Senior Vice President</span> 

<i ><span lang="EN-GB" style="font-family:
Verdana, Geneva, sans-serif; font-size: 10pt">Telephone: +4596344010</span> 

<i ><span lang="EN-GB" style="font-family:
Verdana, Geneva, sans-serif; font-size: 10pt"> </span> 

<span lang="EN-GB" style="font-family: Verdana, Geneva, sans-serif; font-size:
10pt"> </span>