PRESS RELEASE 1 November 2016 Accelerated bookbuilt offering in Jyske Bank

NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, DIRECTLY OR INDIRECTLY, IN THE UNITED STATES, CANADA, JAPAN OR AUSTRALIA OR ANY OTHER JURISDICTION IN WHICH THE RELEASE, PUBLICATION OR DISTRIBUTION WOULD BE UNLAWFUL.BRFholding A/S (the “Seller”) hereby announces the launch of an accelerated bookbuilt offering to institutional investors (the “Transaction”) of up to 950,400 existing shares in Jyske Bank A/S (the “Company” or “Jyske Bank”), equivalent to up to 1% of the share capital and voting rights in the Company, held by the Seller. Carnegie Investment Bank is acting as Sole Bookrunner in the