Merger between Vestjysk Bank A/S and Den Jyske Sparekasse A/S - Seite 2

The consideration to the shareholders of Den Jyske Sparekasse in the form of shares in the Surviving Bank will be implemented by way of a nominal capital increase of DKK 337,591,984 in Vestjysk Bank.

The shareholders of Den Jyske Sparekasse should consult their own tax advisors for the purpose of identifying the tax consequences for them of acquiring, holding and disposing of the shares in the Surviving Bank. Reference is also made to paragraph 10 "Tax matters" of the Merger Announcement.

Provided that the merger is adopted at the extraordinary general meetings on 13 January 2021 of each of the two banks and provided that the Danish Financial Supervisory Authority approves the merger, the merger is expected to be implemented immediately after the general meetings. Detailed information about the expected timetable for the merger is set out in paragraph 14 "Expected timetable for the Merger" of the Merger Announcement.

Additional information       

Any questions must be directed to Jan Ulsø Madsen, CEO, at tel. [phone].

Attached schedules

• Merger Announcement – Merger between Vestjysk Bank A/S and Den Jyske Sparekasse A/S

Vestjysk Bank A/S                                                          Den Jyske Sparekasse A/S

IMPORTANT INFORMATION                     

No prospectus will be prepared in connection with the merger as the Merger Announcement constitutes the document mentioned in article 1(5)(f) of the Prospectus Regulation (Regulation (EU) 2017/1129 of the European Parliament and of the Council of 14 June 2017 on the prospectus to be published when securities are offered to the public or admitted to trading on a regulated market, and repealing Directive 2003/71/EC).

In certain jurisdictions, the distribution of this announcement or the Merger Announcement and offer or sale of the new shares in Vestjysk Bank ("New Vestjysk Bank Shares") is restricted by law and/or subject to other restrictions. The Merger Announcement does not constitute an offer to sell or an invitation to buy New Vestjysk Bank Shares or a part thereof in any jurisdiction to any person to whom it would be unlawful to make such an offer or such an invitation. Vestjysk Bank and Den Jyske Sparekasse expect that persons residing outside Denmark into whose possession the Merger Announcement comes will personally obtain information about and comply with such restrictions.