Company Announcement 3 - 2008
The OMX Copenhagen Stock Exchange
21 January 2008
Statement on share deal submitted to OMX Copenhagen Stock Exchange
Forstædernes Bank hereby clearly wants to repudiate that the bank's share has
been traded on the basis of internal knowledge in the days around 16 January
2008.
Such speculations have been expressed by a Danish daily paper on 19 and 21
January 2008 due to noticeable deals prior to the Bank's company announcement
of 16 January expressing expectations of the core earnings for 2007.
In an internal investigation Forstædernes Bank has scrutinized all deals in the
days around the company announcement, and we have mapped the decision process
in connection with the issue of the company announcement of 16 January 2008.
Based on this investigation we have today submitted a statement on the biggest
deals and the decision process concerning the company announcement to OMX
Copenhagen Stock Exchange.
From this statement it appears:
• That the decision to make the company announcement was made in the afternoon
of 16 January 2008 solely in order to correct false rumours - in the daily
press of that day about negative expectations of the bank's coming financial
statements
• That none of the relevant deals can have been made based on internal
knowledge
- neither externally nor in the bank's own dealer function
The Executive Board
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Contact person:
Steffen Torvits, Investor Relations & Communication Manager, tel. +45 22 22 20
36
This announcement has been issued both in Danish and English. In case of any
discrepancies, the Danish version shall prevail.
