027-2008 - Amagerbanken - English Version - Company Announcement

OMX The Nordic Exchange Copenhagen                                              
6, Nikolaj Plads                                                                
DK-1007 Copenhagen K                                                            


                                                        Announcement No. 27-2008



4 November 2008                                                                 





On the basis of the Bank's report for the first nine months of 2008 Moody's     
Investors Service Ltd. today announced a change of Amagerbanken's ratings to:   

Financial strength rating:   C-     changed from C 
Long-term deposit rating:    A3     changed from A1 
Short-term deposit rating:   P-2    changed from P-1 

The Bank chose to carry through the rating process with Moody's to obtain a more
diversified funding base through loans on the bond market. The significantly    
changed financial markets in 3rd quarter 2008 and the government-backed deposit 
guarantee scheme in October 2008 resulted in the fact that the Bank not as      
planned used the rating in the bond market.                                     

The changed ratings have no consequences for the Bank's existing long-term      
funding and are not estimated to influence the Bank's earnings possibilities    
negatively.                                                                     

                               Yours faithfully,                                

                            A M A G E R B A N K E N                             

                               Jørgen Brændstrup                                
                             Managing Director and                              
                                Chief Executive