Alm. Brand Bank A/S - Approval of new government guarantee

The Danish government and the Danish banking sector have signed an agreement to
set up a guarantee scheme to safeguard all depositors and simple creditors
against losses in Danish banks. The agreement runs for a period of two years
from 6 October 2008. 

Alm. Brand Bank A/S is covered by the scheme through its membership of the
Private Con-tingency Association. 

Alm. Brand Bank's share of the total annual guarantee commission of DKK 7.5
billion is ex-pected to amount a level of DKK 75 million in each of the two
years. The bank's share of the total guarantee limit and any additional
guarantee commissions will be approximately 1%. Seen in isolation, Alm. Brand
Bank's participation in the guarantee scheme is expected to have an adverse
affect on the result before tax of just under DKK 20 million in 2008. 

The guarantee is expected to improve access to and conditions for funding,
which, in turn, is expected to enhance the bank's interest margin. 

Please direct any questions regarding this announcement to Henrik Nordam, Chief
Executive, on tel. +45 35 47 48 49. 


Yours sincerely,
Alm. Brand Bank A/S


Henrik Nordam	
Chief Executive