Insiders' dealing, acquisition


Pursuant to section 28(a) of the Securities Trading Act Max Bank
A/S is to report the transactions in Max Bank A/S shares and    
connected securities of managerial staff and directors and      
connected persons.                                              

Name         Henrik Borup Jeppesen    
Reason       Executive Officer        
Issuer       Max Bank A/S             
ISIN code    DK0010305903             
Type         Shares                   
Transaction  Acquisition              
Trading date 18 October 2010          
Market       Copenhagen Stock Exchange
Number       4,003                    
Market price DKK 100,075
              
Name         Dan Andersen    
Reason       Vice Chairman        
Issuer       Max Bank A/S             
ISIN code    DK0010305903             
Type         Shares                   
Transaction  Acquisition              
Trading date 15 October 2010          
Market       Copenhagen Stock Exchange
Number       339                    
Market price DKK 8,475


Stock Exchange Announcement No. 41/2010

Attachments

20101019daeng.pdf 20101019hjeng.pdf