Jyske Bank downgraded by Moody's

Moody's Investor Services has globally adjusted its new rating methodology for
banks. The methodology was introduced in Denmark on 26 February 2007. It
resulted in Moody's downgrading the implicit support on the part of the Danish
state to a number of Danish banks - among them Jyske Bank. Jyske Bank's
long-term ratings are as follows: 

                               New rating	Rating during the period    Previous  
                                              26 February to 10 March	  rating

Senior/bank deposits              Aa2	          Aa1	             A1

Subordinated debt (Tier 2)        Aa3	          Aa2	             A2

Junior subordinated
debt (Tier 1)           	       A1	                   Aa3	             A3

Individual financial
strength (BFSR)                    B-	          B-	             B-


Overall, the changes of Jyske Bank's ratings in relation to the original
ratings are still regarded as supportive of Jyske Bank's funding capacity.