On 10 March 2008 Fionia Bank A/S held an ordinary General Meeting with the agenda stated below. The result of the business transacted at the General Meeting is described below under the individual items on the agenda. 1. The board of director's report on the company's activities during the past year. The report was noted. 2. The board of directors' account of the company's current situation, including the agreement entered into with state company Financial Stability A/S regarding a non-cash contribution of the company's activities in return for shares in a new bank. It should be noted that there will not be a vote on the board of directors' account. 3. Discussion of and decisions on any suggestions received from the company's shareholders on other measures that would mean that the company can fulfil the solvency requirement in Section 124 of the Danish Financial Business Act, or on winding up on terms that can be approved by the Danish Financial Supervisory Authority, cf. Section 246, subsection 2 of the Danish Financial Business Act. There was no proposal. 4. Presentation of the audited annual report for approval. Unanimously adopted. 5. Decision on settling the loss in accordance with the approved annual report. Unanimously adopted. 6. Authorisation for the board of directors to permit the company to acquire its own shares during the time up to the next ordinary annual general meeting. Unanimously adopted. 7. Proposal from the board of directors and shareholders on the following changes to the Articles of Association: 7.1 Proposal from the board of directors and shareholders on the following changes to the Articles of Association: a) Changing the company's name to "Fionia Bank Holding A/S" and accompanying change to item 1.1 of the Articles of Association. b) Deletion of item 1.2 in the company's Articles of Association. c) Lapse of the committee of representatives and local councils and discontinuation of shareholders' meetings and accompanying deletion of items 5.2.5, 9, 10.10, 12, and 13 in the Articles of Association and, in this connection, a change in (i) item 6.1 in the Articles of Association so that the reference to the committee of representatives is removed, (ii) item 10.7 in the Articles of Association so that there is no eligibility requirement for election, that the person in question is a member of the committee of representatives, is a personal shareholder in the company and fulfils the criteria in the Danish Financial Business Act, and (iii) item 10.9 in the Articles of Association so that there is no ongoing requirement for members of the board of directors to be shareholders or members of the committee of representatives. d) A change in the provision on the election of the board of directors so that the members of the board will be elected by the annual general meeting in future, commencing at the ordinary annual general meeting in 2010 and accompanying change in item 10.1 of the Articles of Association and, in this connection, a change to (i) item 10.1 in the Articles of Association so that the members of the board of directors are elected for two years at a time and so that half of the members of the board of directors shall stand for election every year, with the possibility of reelection, and (ii) the introduction of a new item 5.2.5 on the election of members of the board of directors and the establishment of remuneration for the board of directors. e) Authorisation of the board of directors to change the company's name to "Fionia Holding A/S", and to make the accompanying change to item 1.1 of the Articles of Association, both on the date when the company's bank licence is withdrawn. f) Authorisation of the board of directors to change the purpose of the company as stated in the Articles of Association to own shares in the new Fionia Bank and related activities at the discretion of the board of directors' and to make the accompanying change to item 1.4 of the Articles of Association, both on the date when the company's bank licence is withdrawn. The proposed changes in item 7.1., a) - d) will come into force immediately after they are adopted. The proposed changes in item 7.1., e) - f) will come into force when the company's bank licence is withdrawn, upon which the board of directors shall be obliged to implement them. The Board proposal adopted. 7.2 Suggestion from a shareholder: a) Proposal on the lapse of the committee of representatives and that the board of directors be elected by the annual general meeting. The proposal is identical to the board of directors' proposal in item 7.1. c) as far as the lapse of the committee of representatives is concerned, apart from the additional proposal that the change will come into force as soon as it is adopted, so that there will be an election to the board of representatives at the ordinary annual general meeting on 10 March 2009. b) If the proposal in item 7.2 a) is adopted, there will be an election of six members to the board of directors and an establishment of their remuneration. The proposal was withdrawn. 8. Election of members of the committee of representatives and the establishment of their remuneration. If the proposals in item 7.1 c) or 7.2 a) are not adopted, fifteen members shall be elected to the continuing committee of representatives and there shall be an establishment of their remuneration. As the company's committee of representatives is expected to continue in the new Fionia Bank, fifteen members shall be elected to this committee. The 15 candidates proposed by the Board were elected. 9. Election of auditor. Reelection of KPMG and Deloitte. 10. Any Other Business. No further items. The Chairman closed the General Meeting. Yours sincerely Fionia Bank A/S