Interim Report as at 31 December 2007.

The results before tax for the first quarter of the financial year show a loss
of DKK 100.9 million 
(+ DKK 125.5 million). The results are influenced by negative fair value
adjustment of securities of DKK 158.6 million (+ DKK 65.6 million). Earnings
per share after tax are a negative DKK 102.2 
(+ DKK 112.0), and the return on equity is a negative 37.90% p.a. (+ 40.12%
p.a.). As a conse-quence of the negative securities market in the 2nd quarter,
the expected results for the year before tax are adjusted from a loss of DKK
90.0 - 110.0 million to a loss of DKK 165 - 185 million. Basic earnings for the
year are expected to amount to an unchanged DKK 40 - 44 million.