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Jyske Bank has decided to make a capital increase of 23,760,000 new shares by private placement to BRFholding

April 30, 2014

For the completion of the merger with BRFkredit, which is expected to take place today, 30 April 2014, Jyske Bank's Supervisory Board resolved to exercise the authorisation stipulated in Art. 4(6) of the Articles of Association to make a capital increase of 23,760,000 new shares at a nominal amount of DKK 10, total nominal amount: DKK 237,600,000, by private placement to BRFholding. Subscription price and contribution in kind The new shares will be issued at a subscription price of 295.9, corresponding to latest traded price at 12.00 of the Jyske Bank share at NASDAQ OMX Copenhagen on Wednesday, 30 April 2014, against contribution in kind of all BRFkredit a/s shares, total nominal amount: DKK 306,480,000, distributed on A shares of a nominal amount of DKK 56,480,000 and B shares of a nominal amount of DKK 250,000,000. Rights The new shares give the same rights as existing shares, including a right of potential dividend, as from the time of registration of the capital increase at the Danish Business Authority which is expected to take place later today. Each share amount of DKK 10 gives one vote at Jyske Banks general meetings, provided that 4,000 votes are the highest number of votes any one shareholder may cast on his own behalf. Share capital Following the completion of the private placement, Jyske Bank's share capital amounts to a nominal value of DKK 950,399,990 distributed on 95,039,999 shares of a nominal value of DKK 10, and the new shares represent 25% of Jyske Bank's registered share capital. Other information Contact persons concerning this announcement are Managing Director and CEO Anders Dam (+45 89 89 20 01) and Director Birger KrØgh Nielsen (+45 89 89 64 44). Copyright © 2014 OMX AB (publ).

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Source: OMX

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