The Copenhagen Stock Exchange The Luxembourg Stock Exchange The Frankfurt Stock Exchange The Düsseldorf Stock Exchange Euronext N.V. Oslo Børs ASA The Press 31 January 2008 Stock Exchange Announcement No. 1/2008 - FIH Financial Report 2007 • The net profit after tax for the group amounting to DKK 1,123 million is a new record • Satisfactory business segment growth • Still excellent return on unlisted shares • Writedowns of loans continually modest • Very satisfactory liquidity amounting to DKK 33.7 billion Net profit for the period Net profit for 2007 DKK 1,123.3 million after tax, an increase of DKK 188 million compared with 2006. The result is in line with the expectations for 2007 as announced earlier this year. Return on equity before tax came to 17.6 per cent against 18.9 per cent in 2006 and 15.6 per cent after tax against 15.0 per cent in 2006. Activities In 2007 synergies have been apparent between FIH's lending units and the new business segments established during 2006 and the first six months of 2007. Thus the recent investments made by the bank have had the intended effect. FIH is now able to offer a broader selection of products in-house which provides a solid competitive edge. In addition, the bank's three primary business areas have seen an increase in activities. FIH Capital Markets In 2007, FIH Capital Markets has further strengthened its profile by the establishment of a tier 1 equity team, primarily focusing on institutional customers. Combined with Capital Markets' other activities this new initiative helps FIH gain a strong profile in the market. In November 2007, Prospera AB published its annual stockbroker ranking on dealing, settlement and analysis of shares. FIH obtained a ranking of number three in the region, while it is rare that a newly established stockbroker unit enters the top five list. Investment Banking In 2007, FIH PARTNERS A/S announced more than 20 transactions at an amount of more than DKK 140bn. FIH PARTNERS A/S thus makes the top of the list of Danish Investment Banking players measured by the number of transactions and the transaction values. Lending activities The result generated by the lending units surpasses the expectations, and the total loan portfolio has increased by more than 11 per cent since the beginning of the year. In 2006, FIH went through an adjustment of the lending organisation with the purpose of ensuring an increased focus on the customer portfolio. Private equity FIH holds a portfolio of investments in unlisted shares. In 2007, these investments have developed favourably and the unlisted shares have provided an excellent return of DKK 632.2 million.Of this DKK 331.2 million is a realised gain while DKK 301.0 million is unrealised. FIH only holds a very limited stock of listed shares. Funding In 2007, FIH has made efforts to diverse the funding base, and therefore additional funding sources have been established, including FIH Kapital Bank A/S. By establishing FIH Kapital Bank A/S, FIH has obtained a committed loan facility from ATP of DKK 15 billion. Furthermore, FIH has received substantial deposits primarily from financial institutions and secondly from corporate customers. In the beginning of the second quarter of 2008 deposit taking from retail costumers will be initiated. There are no sub-prime exposures incorporated in the FIH balance sheet. However, as the crises have had a broad effect on the international loan markets, FIH has been hit by increasing funding costs along with the entire financial sector. The narrowing of the interest rate margin and capital losses in connection with the international crisis has entailed costs of app. DKK 200 million. The liquidity is very satisfactory at the end of 2007 and amount to DKK 33.7 billion. See attached files for the remaining Financial Report 2007