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Company Announcement No 52/2025 Peberlyk 4 6200 Aabenraa Denmark Tel +45 74 37 37 37 Fax +45 74 37 35 36 Sydbank A/S CVR No DK 12626509, Aabenraa sydbank.dk
29 October 2025
Sydbank, Arbejdernes Landsbank and Vestjysk Bank publish merger documents
On 27 October 2025 Sydbank A/S (“Sydbank”), Aktieselskabet Arbejdernes
Landsbank (“Arbejdernes Landsbank”) and Vestjysk Bank A/S (“Vestjysk
Bank”) announced that they have entered into an agreement to merge the three
banks (“the Merger”). Reference is made to Sydbank’s Company
Announcement No 48/2025.
Sydbank, Arbejdernes Landsbank and Vestjysk Bank have today published a joint
merger plan and merger statement detailing the terms and conditions of the
Merger under company law.
In addition to the merger plan and merger statement, the banks have made the
following material available on their respective websites:
sydbank.dk
(https://www.globenewswire.com/Tracker?data=rBXRPdruZw8aNefz3_qpV5jwmEwm5Y_Q532yuSf24y-vTXJxTR6G0ZgJ3F66C8skU1EiLuTMOMYgkrlaDRS88WPRSqmEYxnzNa8ofP7yHqG8UrqOKEy5QCfo97b7-EvmjA9nuOfE8-58vzztqUlz2g==)
al-bank.dk
(https://www.globenewswire.com/Tracker?data=-K-KcDB9v6gUEfT9ke9vyjuz75EphEeMZANsIvHaZ0WCKhfE-k5W_ycNW79dwcpoI7_V6fmvGIZEHtfIeQSTVCRQC_QlMON-MXzccevNU9W_oKrn0dOEH1_Yb3w8CkXEdfmgP3Ww_dPspSrn2hUxvw==)
vestjyskbank.dk
(https://www.globenewswire.com/Tracker?data=NrxH0FLCHRc2hUfpkNdadl2nw36IOlGkDRZ_qGfE9PCLyVKNB9f5QNxRGpu2mP_MSFsEZekCC9JBfcGzFd382eairwlPdApYQ9YfBCKhBI3QUmBfcuAILCodbNPN7XD1Uqf5b36rVZ7vk3FtishmOA==)
* Valuation experts’ statements on the proposed merger, including the merger
plan, from PriceWaterhouseCoopers Statsautoriseret Revisionspartnerselskab (in
its capacity as the valuation expert for Sydbank), EY Godkendt
Revisionspartnerselskab (in its capacity as the valuation expert for
Arbejdernes Landsbank) and Deloitte Statsautoriseret Revisionspartnerselskab
(in its capacity as the valuation expert for Vestjysk Bank).
* Declarations by valuation experts on the creditors’ position from
PriceWaterhouseCoopers Statsautoriseret Revisionspartnerselskab (in its
capacity as the valuation expert for Sydbank), EY Godkendt
Revisionspartnerselskab (in its capacity as the valuation expert for
Arbejdernes Landsbank) and Deloitte Statsautoriseret Revisionspartnerselskab
(in its capacity as the valuation expert for Vestjysk Bank).
* Audited interim balance sheets for Sydbank, Arbejdernes Landsbank and
Vestjysk Bank.
* Approved annual reports for the last three financial years of Sydbank,
Arbejdernes Landsbank and Vestjysk Bank.
Additional information on the Merger, including the notice convening the
extraordinary general meeting at Sydbank, is expected to be published on 5
November 2025.
Important information
THIS COMPANY ANNOUNCEMENT MAY NOT BE DISCLOSED, PUBLISHED OR DISTRIBUTED, IN
WHOLE OR IN PART, DIRECTLY OR INDIRECTLY, IN THE UNITED STATES, THE UNITED
KINGDOM, CANADA, SINGAPORE, THAILAND, MEXICO OR SWITZERLAND, EXCEPT AS
PERMITTED BY APPLICABLE LAW, OR IN ANY OTHER JURISDICTION WHERE SUCH
DISCLOSURE, PUBLICATION OR DISTRIBUTION WOULD BE UNLAWFUL.
Additional information
Louise Degn (Media)
Tel +45 20 28 81 18
louise.degn@sydbank.dk
Jørn Adam Møller (Investors)
Tel +45 61 63 55 30
jam@sydbank.dk
Yours sincerely
Sydbank A/S
Attachment
* SM 52 UK
(https://ml-eu.globenewswire.com/Resource/Download/74148d9a-071a-49ec-bea4-4096d12f94d5)