Forstædernes Bank A/S has decided to redeem subordinate capital in the amount of DKK 100,000,000 as at 7 April 2009. The capital securities are redeemed at par. The redemption will reduce the Bank's capital adequacy ratio from 15.5% to 15.2% as at 31 December 2008, including recognised profit. The ISIN of the capital securities is DK000344966-8. Yours sincerely The Executive Board Contact person: Steffen Torvits, Investor Relations and Press Manager, tel. +45 22 22 20 36 This announcement has been issued both in Danish and English. In case of any discrepancies, the Danish version shall prevail.