CORRECTION: Alm. Brand Bank A/S raises DKK 200,000,000 subordinated loan - New attachment


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|                                           |           | ALM. BRAND BANK      |
|                                           |           | The Executive        |
|                                           |           | Secretariat          |
|                                           |           | Midtermolen 7        |
|                                           |           | DK-2100 Copenhagen Ø |
|                                           |           | Tel.	+45 35 47 48 49 |
|                                           |           | Fax	+45 35 26 62 38  |
|                                           |           | www.almbrand.dk      |
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| To the Copenhagen Stock Exchange          |           |                      |
| Nikolaj Plads 6                           |           |                      |
| DK-1007 Copenhagen K                      |           |                      |
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| Announcement No. 14/2007                  | Date      | 29 June 2007         |
|                                           | Page      | 1 of 1               |
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Alm. Brand Bank A/S raises DKK 200,000,000 subordinated loan                    
Alm. Brand Bank A/S has today raised a DKK 200,000,000 subordinated loan.       

The loan has a term of eight years with optional early redemption after five    
years subject to certain conditions.                                            

The subordinated loan will form part of the bank's capital base and thereby     
enable the bank to continue pursuing its plans for growth.                      

The subordinated loan was arranged in collaboration with HSH Nordbank AG.       

Please direct any questions to Henrik Nordam, Chief Executive, on tel. +45 35 47
48 49.                                                                          
Yours sincerely                                                                 
Alm. Brand Bank A/S                                                             
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| Henrik Nordam                        |                                       |
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| Chief Executive                      |                                       |
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Attachments

bank14-2007-uk.pdf