First quarter 2007 - highlights - 33% increase in core earnings to DKK 141 million - 22% increase in profit before tax to DKK 137 million - 35% pre-tax return on equity at beginning of period - 5% improvement in rate of costs to 32.7% - the best in Denmark - Good credit quality resulting in reversal of net DKK 17 million in write-downs - Continuing strong increase in business - loans up by 24% and deposits up by 14% - Cancellation of 40,000 own shares initiated, equivalent to a 0.8% reduction in the share capital - New capital adequacy rules strengthen capital adequacy - Tier 2 now 15.1%