Syndicated loan EUR 150 million


As mentioned in the half year report we have been working on raising a
syndicated loan with term from 3 to 7 years to cover the bank's surplus of
loans. 

The loan has now been established with an amount of EUR 150,000,000.- 
(hereof EUR 40 million on 3 years, EUR 77.5 million on 5 years, and EUR 32.5
million on 7 years at following margins - 26 basis points, 31.5 basis points,
38.5 basis points). 

The syndication which has run absolutely satisfactory has been arranged by
Bayericshe Landesbank in co-operation with Arbejdernes Landsbank.

Yours faithfully 
Ringkjøbing Bank 

Preben Knudsgaard   Kaj Damgaard