Proceedings of the Ordinary General Meeting of Investeringsforeningen Sydinvest

The proposal made by the board

a) The board's proposal for name changes in the funds that follow a passive strategy was adopted.

b) The board's proposal to change the investment strategy from active to passive in the fund Tyskland KL section was adopted.

c) The board's proposal to change the name of the fund Bæredygtige Aktier KL to Kvalitetsaktier KL was adopted.

d) The board's proposal to change the name in four funds that invest in Emerging Markets bonds was adopted.

e) The board's proposal to change the name of the fund Blandede Obligationer ESG KL to Formue Obligationer KL was adopted.

f) The board's proposal to change the investment strategy and fund names from Ligevægt & Value to only include the Value names in five equity-based funds was adopted.

g) The board's proposal to change the name of the fund Verden Ligevægt & Value Etik KL to Globale Aktier PM Screened KL was adopted.

h) The board's proposal to replace "Etik" with "Screened" in two funds that invest in corporate bonds was adopted.

i) The board's proposal to remove the funds secondary names where it is not considered relevant was adopted.

The adopted must now be sent for approval by the Danish Financial Supervisory Authority before it can take effect.

Election to the Board of Directors
Svend Erik Kriby, Anne Mette Barfod and Jesper Aabenhus Rasmussen
were re-elected to the association's board.

The board subsequently constituted itself with Linda Sandris Larsen as chairman and Svend Erik Kriby as deputy chairman.

The board then consists of:
• Linda Sandris Larsen, chairman
• Svend Erik Kriby, deputy chairman
• Anne Mette Barfod
• Jesper Aabenhus Rasmussen
• Niels Therkelsen

Selection of auditor
PwC Danmark was re-elected as the investment association's auditor.
Further information is available from director Steffen Ussing on tel. 74 37 33 01.

Sincerely
Syd Fund Management A/S