Insiders' dealing acquisition


Pursuant to section 28(a) of the Securities Trading Act Max Bank
A/S is to report the transactions in Max Bank A/S shares and    
connected securities of managerial staff and directors and      
connected persons.                                              

Name         Dan Andersen             
Reason       Vice Chairman             
Issuer       Max Bank A/S             
ISIN code    DK0010305903             
Type         Shares                   
Transaction  Acquisition              
Trading date 15 October 2010          
Market       Copenhagen Stock Exchange
Number       8,058                    
Market price DKK 201,450              


Name         Hans Fossing Nielsen
Reason       Chairman             
Issuer       Max Bank A/S             
ISIN code    DK0010305903             
Type         Shares                   
Transaction  Acquisition              
Trading date 14 October 2010          
Market       Copenhagen Stock Exchange
Number       9,193
Market price DKK 229,825


Name         Steen Sørensen
Reason       Member of the Supervisory Board            
Issuer       Max Bank A/S             
ISIN code    DK0010305903             
Type         Shares                   
Transaction  Acquisition              
Trading date 18 October 2010          
Market       Copenhagen Stock Exchange
Number       2,000
Market price DKK 52,500

Stock Exchange Announcement No. 40/2010

Attachments

20101014hfneng.pdf 20101015daeng.pdf 20101018sseng.pdf