EU stress test

•	Jyske Bank had no problems in passing the EU stress test 
•	Its Tier 1 ratio was 12.5% or more throughout the stress-test period
•	Jyske Bank has never received any government capital injection nor benefited
from individual government guarantees 

According to Anders Dam, Managing Director and CEO:

“The EU-wide stress test confirms Jyske Bank's robust capital position and
structure. For both 2010 and 2011, the capital levels calculated were found to
be satisfactory, and in both scenarios the capital position would render it
possible for us to pursue our overall strategy. 

We are confident about Jyske Bank's exposure to euro-zone sovereign debt. For
example, Jyske Bank's exposure to Greece, which essentially consists of
short-term bonds, was reduced during the second quarter of 2010 by about EUR
30m by redemption at par. We do not expect to suffer any loss on the euro-zone
sovereign bonds in our portfolio,” concludes Anders Dam. 


See the full announcement in the attached file.