NASDAQ OMX The Nordic Exchange Copenhagen 6, Nikolaj Plads DK-1007 Copenhagen K Announcement No. 28-2008 18 december 2008 Amagerbanken adjusts the expectations for 2008 downwards Core earnings before impairments for 2008 are expected to be in the area of 580 m DKK compared to earlier informed 480 - 520 m DKK. Impairments and loses on loans for 2008 are expected to be approximately 900 m DKK. The increased impairments are a result of the continuous substantial downturn in economics and decrease in value of provided securities. Core earnings after impairments are expected to be approximately -600 m DKK. Hereafter the bank's solvency is expected to amount to approximately 10.8 %. Yours faithfully, A M A G E R B A N K E N Jørgen Brændstrup Managing Director and Chief Executive Questions may be addressed to Mr. Jørgen Brændstrup, Managing Director and Chief Executive by phone +45 32 66 60 01