30 April 2007 To the Copenhagen Stock Exchange, the Luxembourg Stock Exchange and the press Announcement no. 07/2007 New Chief Executive Officer of BRFbank With effect from 1 July 2007, Leonhardt Pihl will take up the post of new Chief Executive Officer of BRFbank in succession to the bank's present CEO, Harry Nielsen, who is due to retire on 30 June. Leonhardt Pihl is 46 years old, holds a master's degree in financing and accounting and comes from a position as Senior Vice President of Dansk Bank, where he is responsible for private equity in Danish Markets. Before that, Leonhardt Pihl was posted to Danske Bank's London branch and was in charge of Danske Bank's budget, planning and investor relations in the bank's corporate finance department. He has also been deputy branch manager of Danske Bank in Luxembourg. Yours faithfully BRFkredit Sven A. Blomberg Chairman of the Board of Directors of BRFbank Please observe that the Danish version of this announcement prevails.