Max Bank, whose primary market area was formerly the southern part of Zealand,
has in 2007 established itself in Århus with departments for both private and
corporate customers.The Bank has also completed the refurbishment of the
private customer branches in 2007 in compliance with the new café design
The total business volume has gone up by 17% to DKK 17.0bn, and the pre-tax
profit amounts to DKK 57.9m which is at the anticipated level. 
Max Bank has a capital adequacy ratio of 14.5% which is high in relation to the
capital adequacy requirement, and solid and long-term cash resources with a
considerable excess cover in relation to the requirements of Danish law.

Stock Exchange Announcement No. 7/2008