Max Bank's Extraordinary General Meeting, Friday 3 September 2010

Following the General Meeting, we can inform you that all of the following
proposals were adopted: 

a) Proposed merger of Max Bank A/S and Skælskør Bank Aktieselskab and increase
of share capital. 

b) Proposed conditional amendment to the Bank's Articles of Association.
The proposals include:
- Alteration to the Bank's secondary names
- Repeal of the provisions governing voting and ownership limits 
- Amendment to the provision governing eligibility to stand as candidate for
the Supervisory Board of the Bank 
- Inclusion of provisions governing Skælskør Bank Aktieselskab's hybrid core
capital. 

c) Proposed conditional expansion of the Supervisory Board's authorisation to
increase the Bank's share capital and hence an amendment to article 3(2) of the
Articles of Association. 

d) Authority to the Supervisory Board to make - when reporting the adopted
proposals to the Danish Commerce and Companies Agency - any changes and
additions to the proposals adopted, including the Bank's Articles of
Association, which may be required for registration. 

Information was given at the General Meeting that Finansiel Stabilitet A/S had
approved the merger. The General Meeting provided no other information of
relevance to pricing that has not previously been published. 

The merger of Max Bank A/S and Skælskør Bank Aktieselskab is thus only
conditional on: 
- The merger being approved by the Danish Financial Supervisory Authority;
- The new shares of the merged bank being admittable for listing on NASDAQ OMX
Copenhagen A/S.

Stock exchange announcement no 33/2010