Company Announcement 13 - 2008
Correction:
Two cases of bankruptcy do not affect Forstædernes Bank
Today, the Danish daily paper Børsen reports that Forstædernes Bank is facing a
loss of several million after two cases of bankruptcy. This is incorrect.
The two cases of bankruptcy are allegedly Renneberg ApS and
Administrationsselskabet af 1957.
Referring to the above, Forstædernes Bank should like to inform that
• The Bank's past customer relationship with Renneberg ApS has been fully
settled.
• The customer relationship with Administrationsselskabet af 1957 has been
fully written down as early as in the financial year 2007.
Thus, if the obligations are discharged, Administrationsselskabet af 1957 can
only affect the Bank's accounts positively, while Renneberg ApS will not affect
the Bank's accounts at all.
The Executive Board
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Contact person:
Steffen Torvits, Investor Relations and Press Manager, tel. +45 22 22 20 36
This announcement has been issued both in Danish and English. In case of any
discrepancies, the Danish version shall prevail.
