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Ticker:	SYDB_DC
ISIN:	DK0010311471

Sydbank to downgrade its 2018 profit expectations

Nasdaq Copenhagen A/S London Stock Exchange Bourse de Luxembourg Other stakeholders Company Announcement No 73/2018	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
18 December 2018

Dear Sirs

Sydbank to downgrade its 2018 profit expectations

As a result of financial market developments, negative investment portfolio earnings as well as lower than usual trading income are expected for Q4 2018. Consequently profit after tax is forecast to be in the range of DKK 1,150m-1,225m. In the financial statements for Q1-Q3 2018 profit for the year after tax was expected to be in the range of DKK 1,250m-1,325m.

Yours sincerely

Torben Nielsen                                Karen Frøsig
Chairman                                         CEO
Board of Directors

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