Max Bank to issue a floating-rate bond loan

On 12 May 2010, Max Bank will issue a three-year floating-rate bond loan in the
nominal amount of DKK 300m, see enclosed information material. 

The bond loan, which is senior capital, carries interest based on 3 months'
CIBOR. The interest rate is fixed two banking days prior to the beginning of
each interest payment period. The rate for the first interest payment period
has been fixed at 1.68% p.a. The loan will be repaid on 6 May 2013 unless the
bonds are redeemed early. 

This issue is made within Max Bank's individual limit for government-guaranteed
loan issues, see agreement with Finansiel Stabilitet A/S (the Financial
Stability Company). 

The bond loan which has been pre-taken by institutional investors will be
quoted on Nasdaq OMX under ISIN code DKK0030244074. 

Any questions should be directed at Flemming Jørgensen, Finance and Investment
Manager, or Henrik Lund, Chief Executive Officer. 
  

Yours faithfully
Max Bank A/S


Flemming Jørgensen
Finance and Investment Manager
Tel: +45 55 78 01 41
Email fj@maxbank.dk


Stock exchange announcement no 16/2010