Major Shareholder Announcement

31 May 2021

Company announcement

With reference to section 30 of the Danish Capital Markets Act (Danish Consolidation Act no. 1445 of 29 March 2020) (kapitalmarkedsloven), Vestjysk Bank A/S ("Vestjysk Bank") hereby announces that Vestjysk Bank has received notification that, as at 31 May 2021, Aktieselskabet Arbejdernes Landsbank ("AL") has acquired additionally 350,147,033 shares, corresponding to 28.4% of the share capital and voting rights in Vestjysk Bank.

Prior to the completion of the acquisition, AL owned 400,203,538 shares, corresponding to 32.4% of the share capital and voting rights in Vestjysk Bank.

This means that AL's total shareholding now equals 750,350,571, corresponding to 60.8% of the share capital and voting rights in Vestjysk Bank.

Vestjysk Bank A/S

Board of directors

Vestjysk Bank A/S
Torvet 4-5
DK-7620 Lemvig
Telephone +45 96 63 20 00

CVR no. 34 63 13 28
www.vestjyskbank.dk

THIS ANNOUNCEMENT IS NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, DIRECTLY OR INDIRECTLY, IN OR INTO ANY JURISDICTION IN WHICH SUCH RELEASE, PUBLICATION OR DISTRIBUTION WOULD CONSTITUTE A VIOLATION OF APPLICABLE LAW OR REGULATIONS IN THE JURISDICTION IN QUESTION.