Jyske Bank's rights issue was fully subscribed

On 2 December 2009, Jyske Bank completed its rights issue.

The issue was fully subscribed including the usual technical rounding up of
less than 0.14% subscribed under the guarantees and commitments provided. 

A total of 10,800,000 new shares at the nominal value of DKK 10 were subscribed
corresponding to gross proceeds of DKK 1,188m. After deduction of costs in
connection with the issue, the Bank expects net proceeds of DKK 1,139m. Based
on Jyske Bank's capital adequacy position at 30 September 2009, the rights
issue will increase Jyske Bank core capital ratio excluding hybrid capital from
10.9 to 12.1, the core capital ratio including hybrid capital will increase
from 12.6 to 13.8, and the solvency ratio will increase from 14.4 to 15.6. The
Bank's hybrid core capital is perpetual and without step-up. The first step-up
for the Bank's supplementary capital will be in 2013. 

The capital increase is expected to be registered at the Danish Commerce and
Companies Agency on 7 December 2009. As mentioned in the Prospectus, the issue
can be withdrawn until registration, under certain exceptional and/or
unpredictable circumstances. The new Jyske Bank shares are expected to be given
the same security code as the existing shares at NASDAQ OMX Copenhagen on 10
December 2009. 

After registration of the capital increase, Jyske Bank's total share capital
will be DKK 648m (nominal value), represented by 64.8 million shares with a
nominal value of DKK 10. 

The new shares have the same rights attached to them as Jyske Bank's existing
shares. The new shares will be registered in the names of the holders in the
bank's register of shareholders and will be issued and registered at VP
Securities A/S. 

The new shares are negotiable and freely transferable. No special rights are
attached to any shares, the new shares included. The rights attached to the new
shares, including the voting right and the right to receive a dividend, will
apply from the time when the capital increase was registered at the Danish
Companies and Commerce Agency. 

Handelsbanken Capital Markets acted as Jyske Bank's financial adviser in
connection with the issue, and Handelsbanken Capital Markets and J.P. Morgan
Securities Ltd. acted as Joint Global Coordinators and Joint Bookrunners for
the issue. 



Sven Buhrkall				Anders Dam
Chairman of the Supervisory Board		Managing Director and CEO


Contact: Anders Dam, Managing Director and CEO, tel. +45 89 89 20 01.



DISCLAIMER
This announcement is for information purposes only and shall not constitute an
offer to buy, sell, issue, or subscribe for, or the solicitation of an offer to
buy, sell, issue, or subscribe for any securities, nor shall there be any sale
of securities in any jurisdiction in which such offer, solicitation or sale
would be unlawful prior to registration or qualification under the securities
laws of any such jurisdiction. This document is an announcement and is not a
prospectus for the purposes of Directive 2003/71/EC. 
  
This announcement may not be distributed or otherwise made available, the Offer
Shares may not be directly or indirectly offered, sold or subscribed, and the
Pre-emptive Rights may not be directly or indirectly offered, sold, acquired or
exercised in the U.S., Canada, Australia Hong Kong or Japan unless such
distribution, offering, sale, acquisition, exercise or subscription is
permitted under applicable laws of the relevant jurisdiction, and Jyske Bank
receives satisfactory documentation to that effect. The Offering, the
Pre-emptive Rights and the Offer Shares have not been registered under the US
Securities Act, and the Off ering shall under no circumstances be considered an
offering into the United States, in any of its territories or possessions
thereof, or a solicitation to any person subject thereto. The press release may
not be distributed or otherwise made available, the Offer Shares may not be
directly or indirectly offered, sold or subscribed and the Pre-emptive Rights
may not be directly or indirectly offered, sold, acquired or exercised in any
other jurisdiction, unless such distribution, offering, sale, acquisition,
exercise or subscription is permitted under applicable laws of the relevant
jurisdiction. Jyske Bank may require receipt of satisfactory documentation to
that effect. No offering and no solicitation to any person is being made by
Jyske Bank in any circumstances that would be unlawful. 

In relation to each Member State of the European Economic Area that has
implemented the Prospectus Directive (each a “Relevant Member State”), no
offering of Offer Shares to the public will be made in any Relevant Member
State prior to the publication of a prospectus concerning the Offer Shares
which has been approved by the competent authority in such Relevant Member
State or, where relevant, approved in another Relevant Member State and
notified to the competent authority in such Relevant Member State, all pursuant
to the Prospectus Directive, except that with effect from and including the
date of implementation of the Prospectus Directive in such Relevant Member
State, an offering of Pre-emptive Rights and Offer Shares may be made to the
public at any time in such Relevant Member State. 
(a) to legal entities that are authorised or regulated to operate in the
financial markets or, if not so authorised or regulated, whose corporate
purpose is solely to invest in securities; (b) to any legal entity fulfilling
at least two of the following criteria: (i) an average of at least 250
employees during the last financial year; (ii) a total balance sheet of more
than EUR 43 million; and (iii) an annual net revenue of more than EUR 50
million, as shown in its last annual or consolidated accounts; (c) to less than
100 individuals or legal persons (except for “qualified investors” as defined
in the Prospectus Directive) subject to the prior written consent of Jyske
Bank, the Global Coordinator and the Joint Lead Managers; or (d) in any other
circumstances which do not require the publication by Jyske Bank of a
prospectus under Article 3 of the Prospectus Directive. 
  
For the purposes of the above, the expression an “offer of Offer Shares to the
public“ in relation to any Offer Shares in any Relevant Member State means the
communication, in any form and by any means, of sufficient information on the
terms of the Offering, Offer Shares so as to enable an investor to decide to
exercise Pre-emptive Rights and subscribe for the Offer Shares, as the same may
be varied in that Relevant Member State by any measure implementing the
Prospectus Directive in that Relevant Member State. The term “Prospectus
Directive” means Directive 2003/71/EC and includes all relevant implementation
procedures in each Relevant Member State. 
  
The Prospectus, Pre-emptive Rights and the Offer Shares have not been approved,
disapproved or recommended by any regulatory authorities other than the Danish
Financial Supervisory Authority and regulators in Relevant Member States in
accordance with the passporting regime in Directive 2003/71/EC. 
  
Handelsbanken Capital Markets and J.P. Morgan are acting exclusively for Jyske
Bank and no one else in connection with the offering. They will not regard any
other person (whether or not a recipient of this release) as their respective
clients in relation to the offering and will not be responsible to anyone other
than Jyske Bank for providing the protections afforded to their respective
clients nor for giving advice in relation to the offering or any transaction or
arrangement referred to herein. No representation or warranty, express or
implied, is made by Handelsbanken Capital Markets and J.P. Morgan as to the
accuracy, completeness or verification of the information set forth in this
release, and nothing contained in this release is, or shall be relied upon as a
promise or representation in this respect, whether as to the past or the
future. Handelsbanken Capital Markets and J.P. Morgan assume no responsibility
for its accuracy, completeness or verification and, accordingly, disclaim, to
the fullest extent permitted by applicable law, any and all liability which
they might otherwise be found to have in respect of this release or any such
statement.