Sparekassen Faaborg's exposure to Max Bank A/S

10/10/2011 4:10 AM EST

Sparekassen Faaborg A/S
Company Announcement

Sparekassen Faaborg's exposure to Max Bank A/S

Faaborg, Denmark, 2011-10-10 10:10 CEST (GLOBE NEWSWIRE) -- Sparekassen Faaborg
has no credit exposures through credit facilities or shares in Max Bank. 

Sparekassen Faaborg owns bonds in Kalvebod PLC together with Max Bank as one of
the participating banks. We expect a loss of up to approx. DKK 4m on these
bonds. 

The Danish financial sector is facing a loss in connection with the Guarantee
Fund for Depositors and Investors' payment of covered deposits in Max Bank.
Sparekassen Faaborg's most recently calculated share of the financial sector's
guarantee to the Guarantee Fund for Depositors and Investors amounts to 0.45
percent. 





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 For further information please contact

 Claus Sejling

CEO

Phone: +45 63 61 18 14


         CEO Claus Sejling, phone no +45 6361 1814