On 12 September 2007, the Extraordinary General Meeting of Sydbank passed a resolution to the effect of reducing the Bank's share capital by DKK 25m nominal to DKK 675m nomi-nal. The capital reduction which will be effected through the repayment of part of the Bank's holding of own shares is implemented as of today - following the expiry on 18 December of the three months' notice as well as the affirmation by the Board of Directors of the resolution passed by the Extraordinary General Meeting, and registration with the Danish Commerce and Companies Agency as at 19 December. As a consequence of the capital reduction, an amount of DKK 25.0m (2,500,000 shares) of Sydbank's holding of own shares has been cancelled. The holding of own shares amounts to 3,520,957 shares, equal to 5.22% of the share capital of DKK 675m. In accordance with the Bank's most recent stock exchange announcement in this respect (No 13/07 dated 22 June 2007) the holding of own shares constituted 3,601,177 shares, equal to 5.14% of the share capital of DKK 700m at that time. Yours faithfully Mogens Asmund Group Executive Vice President