BankNordik P/F - Company Announcement

Share buy-back programme - P/F BankNordik

On May 30, 2016 BankNordik announced a share buy-back programme. The share
buy-back programme is initiated and structured in compliance with the EU
Commission Regulation No. 2273/2003 of 22 December 2003 (the so-called Safe
Harbour Regulative for share buy-back programmes), and from July 3, 2016 in
accordance with the EU Commission Regulation No. 596/2014 of April 16, 2014 on
market abuse (Market Abuse Regulation). 

The programme runs from 30 May 2016 to 30 December 2016. In this period
BankNordik will acquire own shares with a value of up to DKK 33 million in
market value. 

Since the announcement on May 30, 2016 the following transactions have been
made under the share buy-back programme: 



                               Number of       Average      Transaction value in
                                shares         purchase             DKK         
                                                price                           
--------------------------------------------------------------------------------
Accumulated, last                   94,559         119.47             11,296,576
 announcement                                                                   
--------------------------------------------------------------------------------
21 October 2016                        850         126.00                107,100
--------------------------------------------------------------------------------
24 October 2016                        960         125.99                120,950
--------------------------------------------------------------------------------
25 October 2016                      1,000         127.50                127,500
--------------------------------------------------------------------------------
26 October 2016                      1,025         125.71                128,850
--------------------------------------------------------------------------------
27 October 2016                      1,050         128.50                134,926
--------------------------------------------------------------------------------
Accumulated under the               99,444         119.83             11,915,902
 programme                                                                      
--------------------------------------------------------------------------------

With the transactions stated above, BankNordik holds a total of 201,721 of
treasury shares, excluding investments made on behalf of customers and shares
held for trading purposes, corresponding to 2.02% of the share capital. 

In accordance with the EU Commission Regulation No. 596/2014, transactions
related to the share buy-back programme are presented in detailed form in the
spread sheet attached to this company announcement. 



Further information:

Árni Ellefsen, CEO, tel. (+298) 230 348

BankNordik has banking activities in Denmark, Greenland and the Faroe Islands
and insurance activities in the Faroe Islands. Founded in the Faroe Islands
more than a century ago, the Group total assets of DKK 16.4bn and 416
employees. The Bank is subject to the supervision of the Danish Financial
Supervisory Authority and is listed on Nasdaq Iceland and Nasdaq Copenhagen.
www.banknordik.com

Attachments:

BankNordik_Trading Data_28.10.2016.xlsx