Developments from Q1 to Q2 - satisfactory growth in income, reduced costs and expenses, and improved credit quality • Core income increased by 4% to DKK 668 million • Operating expenses down 3% to DKK 423 million - zero growth in costs and expenses still expected for 2010 and 2011 • Impairment of loans and advances, etc. dropped 13% to DKK 107 million - equal to an impairment ratio of 0.90% per annum • Core earnings up 64% to DKK 138 million • Contributions to sector-targeted solutions triggered by Bank Package I at an unchanged level - DKK 81 million • DKK 39 million in pre-tax profits compared with DKK 11 million in Q1 • Strong liquidity situation - excess coverage of DKK 7.6 billion relative to the strategic target • Our own stress test based on the assumptions in CEBS' pan-European stress test shows substantial resilience with a core capital ratio of 12.8% or more throughout the full stress period. • Core earnings before impairment are expected to hover around the DKK 800-1,000 million level for the full year. The impairment ratio is now expected to end at around 1.00% compared with 1.00-1.25% in the past. Lasse Nyby, Chief Executive Officer, has the following comment on the financial statements: - After some difficult quarterly periods, we are now seeing a glimmer of light on the economic horizon. Together with the sustained growth in customers, this paves the way for positive growth in our business, both in terms of lending, where we are experiencing growth for the second quarterly period in succession and in customers' demand for our other products. At the same time our credit quality is improving, and our loan impairment thus declining. Put together, these circumstances give us a more optimistic view of the future.