Max Bank to obtain a floating-rate EUR loan On 26 March 2010, Max Bank will obtain a three-year floating-rate senior loan in the nominal amount of EUR 75m. This loan is obtained within Max Bank's individual limit for government-guaranteed loan issues, see agreement with Finansiel Stabilitet A/S (the Financial Stability Company). The loan will be paid by Valhalla 1 S.A., which is concurrently to issue Eurobonds listed on the Frankfurt Stock Exchange under ISIN code XS0482545513. The bonds are rated by Fitch and Moody's as AAA/Aaa. Any questions should be directed at Flemming Jørgensen, Financial and Investment Manager, or Henrik Lund, Chief Executive Officer. Yours faithfully Max Bank A/S Flemming Jørgensen Henrik Lund Financial and Investment Manager Chief Executive Officer Tel: +45 55 78 01 41 Email fj@maxbank.dk Stock exchange announcement no 11/2010