17 March 2009

UPDATED ARTICLES OF ASSOCIATION

As a result of SPARBANK's annual general meeting held on 17 March 2009 at which
amendments to the Articles of Association were adopted, SPARBANK A/S's Articles
of Association have the wording which appears from the attached file. 

This stock exchange announcement is an English translation of the Danish
announcement. In case of doubt, the Danish announcement is applicable. 




SPARBANK A/S

Henning Hürdum
Managing director

T +45 96 16 16 16