New annual report for 2009 and new interim financiel report for 2010

Following discussions with the Danish Financial Supervisory Authority (Danish   
FSA) about the materiality of the activities in the Bank's subsidiaries,        
measurement of goodwill and compliance with a number of disclosure requirements 
in the management commentary and notes, Max Bank A/S will prepare a new annual  
report for 2009 and a new interim financial report for H1 2010, including       
consolidated financial statements under IFRS as adopted by the EU. The Bank had 
not planned to implement this change before the 2010 financial statements.      

However, the Bank has decided to accommodate the points of criticism raised by  
the Danish FSA as the Bank wants to promote a clear view of the impending       
capital increase.                                                               

Thus, Max Bank will publish a new annual report for 2009 and a new interim      
financial report for 2010 as well as supplementary and corrective information   
for the extended Stock Exchange Announcement of 30 June 2010 on the merger with 
Skælskør Bank.                                                                  

Compared to the previously published performance of the Parent, application of  
IFRS as adopted by the EU and correction of other circumstances as pointed out  
by the Danish FSA have affected performance in the new consolidated financial   
statements for 2009 adversely by approx DKK 8m after tax, of which DKK 5m       
relates to minority interests as a result of the consolidation. The balance     
sheet total has gone up by DKK 5m and equity has gone down by DKK 2m.