Quarterly report Q1-Q3 2009

Q1-Q3 2009 in headlines

- 42% increase in operating profit, arriving at DKK 52.5m.

- Positivemarket value adjustments up to DKK 21.3m.

- Impairment losses of DKK 56.3m in which DKK 12.1m should be recognised as
compensation for the loss in Det Private Beredskab 

- Payments into Bank Aid Package I total DKK 30.8m

- Loss before tax totals DKK 15.6m compared to a loss of DKK 44.3m in the same
period in 2008. 

- Contribution of hybrid core capital of DKK 204m from Bank Aid Package II.

- Max Bank's capital base is DKK 948.5m, corresponding to a capital adequacy
ratio of DKK 17.4% against calculated capital requirements of 9.0% 

- Primarily due to increased impairment losses, pre-tax performance for FY 2009
is expected to be negative by between DKK10m-DKK30m.