Announcement of the preliminary result and completion of Nykredit’s recommended voluntary public tender offer for Spar Nord Bank A/S - Nykredit Realkredit A/S

Core Viewpoint - Nykredit has successfully completed its voluntary public tender offer for Spar Nord Bank, acquiring a significant majority of shares, and intends to proceed with compulsory acquisition and delisting of Spar Nord Bank shares from Nasdaq Copenhagen [1][6][9]. Group 1: Offer Details - Nykredit's initial offer was for DKK 210 per share, later increased to DKK 210.50, valuing Spar Nord Bank at DKK 24.7 billion [1][2]. - The offer period ended on 20 May 2025, with preliminary acceptances for 72,169,403 shares, representing 61.32% of Spar Nord Bank's share capital [3][4]. - Nykredit's total ownership, including acceptances and existing shares, amounts to 96.54% of Spar Nord Bank's share capital [4][6]. Group 2: Regulatory and Completion Status - Nykredit has received all necessary regulatory approvals for the offer's completion, fulfilling the minimum acceptance condition [6][9]. - The final result of the offer will be published by 23 May 2025, with settlement expected by 28 May 2025 [7][8]. Group 3: Future Actions - Nykredit plans to initiate compulsory acquisition of remaining shares from Spar Nord Bank shareholders, as it will hold over 90% of the share capital post-offer [9][10]. - Nykredit intends to seek the removal of Spar Nord Bank shares from trading on Nasdaq Copenhagen and will propose amendments to Spar Nord Bank's articles of association [10].