In accordance with new information the Board of Directors have decided to increase the expected provisions on loans for the year 2008 from approximately DKK 70 million to DKK 170-200 million - corresponding to 0.7 %-0.8 % of loans and guarantees as of 31 March 2008. The increase in the expected provisions for 2008 was already included in Fionia Banks internal risk assessment which forms the basis for the internal calculation of the required capital according to the Basel rules. The reason for the increase in the expected provisions on loans is due to the development in the real-estate market, and new information revealing discrepancies between the information provided and the true status on a few, but substantial loan arrangements within real estate development financing and financing of second priority senior notes - business areas, where Fionia Bank has a long and positive tradition. Since the autumn 2007, where the international financial crises evolved, Fionia Bank has substantially increased focus on the surveillance of the real estate sector, and the Bank has taken action to secure the best possible handling of the assets now under management. The core business areas in Fionia Bank have developed as expected since the result for the first quarter 2008 was published. The expected core result for Fionia Bank for the year 2008 is therefore unchanged at DKK 370-400 million before provisions on loans and the result of the banks own holdings. The result on the banks holdings will be influenced by the development on the financial markets. Fionia Banks half-year report will be published Tuesday 5 August 2008. Please direct questions to this announcement to CEO Finn B. Sørensen +45 65204060.