Ringkjøbing Bank maintains original expectations to the annual results for 2008

On basis of the financial unrest Ringkjøbing Bank has determined to announce
the expectations to the result for the first half year and annual accounts for
2008. 

Summary for 1st half year: 

- Core earnings which is the earnings from the bank operation rise by 15.1% to
DKK 74.6 million 

- Profit before tax DKK 63.6 million against DKK 63.7 million last year  

- Solvency 14.6

- Excess liquidity 115.4% relative to statutory minimum requirement 

- Value adjustments are negative by DKK 4.5 million against positive value
adjustments on DKK 3.4 million same period last year. Value adjustments are
positively affected by DKK 15 million as a consequence of the agreement with
Nykredit, according to our corporate announcement of 6 March 2008 

- Write-downs on loans DKK 1.6 million against an income of DKK 5.1 million
same period last year. Expectations to write-downs on loans, etc. for year 2008
are maintained to a cost of DKK 10 million. 

- Downgrading to the original expected result on DKK 125 million before tax for
year 2008 against upgraded result on DKK 140 million, in connection with the
announcement of the ac-counts for 1st quarter of 2008, as a consequence of the
negative value adjustments. 

Loans and guarantees are divided with approx. 48% to private and approx. 52%
til business. In this connection it must be stated that Ringkjøbing Bank is not
taking part of project financing within the  property sector, besides matters
which naturally concern the customers of the local area. 

Ringkjøbing Banks interim report will be announced on 14 August 2008.

For further information, please contact:
Preben Knudsgaard, Managing director, phone: +45 9975 3200 
Kaj Damgaard, Director, IR responsible, phone: + 45 9975 3231