Max Bank receives individual government guarantee for specific loans

Max Bank has concluded an agreement with The Financial Stability Company on the
terms of the individual government guarantee for bond issues, etc, provided for
by the 
Danish Act on Financial Stability.
                                              
Max Bank has been granted a limit of DKK 3.1 billion - within which the Bank can
apply for a government guarantee for specific loans with lives of up to three   
years. 
                                                                         
Max Bank expects to exercise the first issue within the limit during Q1 2010.   

Please direct any relating questions to CEO Henrik Lund.                        

                          Yours faithfully
                            Max Bank A/S  

          Flemming Jørgensen                  Henrik Lund 
       Finans- og investeringschef           Adm. direktør

Stock exchange announcement no 1/2010