Announcement no. 60-2010

Announcement no. 60-2010
                                                                25 November 2010






Company announcement                                                            

At its first ordinary board meeting the Board of Directors today treated two    
property exposures and the Bank's commitment with a production company after the
two first mentioned customers' ordered liquidation and the last mentioned, which
is in suspension of payments, has not completed restructuring.                  

The Board of Directors evaluates that these exposures, which totally were       
solvency reserved by DKK 281 million, must now be impaired by totally DKK 381   
million.                                                                        

This causes the Bank's individual solvency requirement to change from 13.1 to   
12.6 and the total solvency to change from 19.1 to 17.8. The percentage solvency
excess cover is 42 (against former 46).                                         

There is still uncertainty of the level of the total loan impairment charges for
2010, but expectations of core earnings for 2010 are unchanged.                 

Mr. Steen Hemmingsen and Mr. Steen Hove inform in connection with this          
announcement that their abstention to vote should be considered as votes against
the interim report for the first nine months of 2010. This should be seen in    
context with the valuation of lending, cf the above.                            


                               Yours faithfully,                                

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



                  Niels Heering                    Steen Hove                   
                  Chairman                         Managing Director and 
                                                   Chief Executive







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