Commitment with Peter Forchhammer

Referring to today's press coverage about Peter Forchhammer we confirm that,
over the past about 10 years, Max Bank has had a commitment with companies
owned by Peter Forchhammer. 

The commitment has been hedged in all material respects, and naturally efforts
are made to avoid or minimise any losses on this commitment. 

The loss risk is for Max Bank estimated to be in the range of DKK 0-20m.

This should be viewed in the light of Max Bank, as previously announced,
expecting a profit for the year before translation/market value adjustments and
tax of DKK 25-30m. The Bank's subordinate capital has been calculated at DKK
996m at 30 June 2008, corresponding to a capital adequacy ratio of 15.8%
against a calculated requirement of 8.5%. 

At 30 September 2008, Max Bank's liquidity was about twice the level required
by law. The Bank's cash flow budget for the coming year does not provide for
utilisation of the Nationalbank's new loan facility which for Max Bank is in
the order of DKK 400-500m. 

Max Bank has therefore adequate cash and capital resources and will in
connection with the publication of performance for Q1-Q3 2008 still open its
"books" with relevant information. 


Hans Fossing Nielsen		 Henrik Lund
Chairman			       Chief Executive Officer

Please direct any questions to CEO Henrik Lund, phone: +45 21 72 17 86.