BankNordik P/F - Company Announcement

Introduction of a share-based remuneration-programme

I accordance with the Bank's remuneration policy, approved by the general
meeting, the Board of Directors of BankNordik has decided to introduce a
share-based remuneration programme for the Executive Board - Mr. Janus
Petersen, CEO and Mr. John Rajani, Deputy CEO. 

Due to the introduction of the above mentioned share-based remuneration
programme, new employment contracts have been made between the company and the
Executive Board, which implies that share options becomes part of their total
remuneration. The Bank's total costs related to the remuneration of the
Executive Board will not increase by the introduction of the above mentioned
share-based remuneration programme. 

The allocation of share options is based on calculations made by the
independent auditor Deloitte. 

The first allocation of share options will be effected on September 1st 2014
where the Executive Board will be granted a total of 46.619 share options at an
exercise price of DKK 112,90 pr. share. The exercise price is calculated as the
average price of a share in P/F BankNordik the recent 5 trading days prior to
the allocation date. 

The share options can be exercised in trading windows in the period from 10th
August 2018 to 10th December 2018. 

BankNordik has reserved own shares corresponding to the outstanding share
options comprised by the above mentioned share-based remuneration programme 

Please direct any questions regarding this announcement to Klaus Rasmussen,
Chairman of the Board of Directors, on tel. (+45) 61 33 72 43. 



Yours sincerely

BankNordik

Klaus Rasmussen, Chairman of the Board of Directors