Amagerbanken`s Extraordinary general meeting

Announcement no. 17-2010  
                                                                    22 July 2010
			                                                                             
Company announcement                                                            

Amagerbanken's extraordinary general meeting                                    

Today, Amagerbanken held extraordinary general meeting.                         

At the general meeting a statement of the Bank's situation and the agreement    
with the Financial Stability Company on behalf of the Government of contribution
of individual government guarantee was presented. Please be referred to our     
company announcement no. 16-2010 today including the Board of Director's speech 
(not available in English language) at the general meeting.                     

The proposals submitted by the Board of Directors 2, 4, 5 and 6 were adopted    
with the majority required. Election of new members for the Board of Directors  
was not effected, as made possible by the agenda item 3.                        

The Bank's Board of Directors can now consist of at least 4 members and at the  
most 10 members and will thus at a later general meeting be able to comply with 
terms in the agreement of individual government guarantee whereafter the        
Financial Stability Company has the right to get two members elected into the   
Bank's Board of Directors.                                                      

In the period until 21 July 2015 the Bank's Board of Directors was authorised   
to increase the Bank's share capital of the Articles of Association, article 5  
in one or more stages by up to DKK 1,000,000,000 with our without pre-emption   
right for the shareholders.                                                     

In the period until 21 July 2015 the Bank's Board of Directors was furthermore  
authorised to raise loans in one more stages by up to a total of DKK            
1,000,000,000 against issue of convertible debt instruments entitling           
subscription for shares in the Bank.                                            

The authorisations give the Bank warrant to seek the increase of the Bank's     
capital base, which was placed as a term in the agreement of individual         
government guarantee in Amagerbanken.                                           

Finally, the Board of Directors with the right of substitution was authorised to
apply for registration of the adopted proposals and make such amendments to the 
adopted proposals which the Danish Commerce and Companies Agency, VP Securities 
A/S, NASDAQ OMX Copenhagen or other authorities might require or request be made
as a condition for registration or approval.                                    

                               Yours faithfully,                                
                            A M A G E R B A N K E N                             

                               Jørgen Brændstrup                                
                                                        Managing Director and   
		                   Chief Executive                                            


For further information please contact Jørgen Brændstrup through Anne Mikkelsen 
(coordi­nator) at telephone no. +45 32 66 64 03.