Max Bank to issue a floating-rate bond loan

On 23 April 2010, Max Bank will issue a three-year floating-rate bond loan in
the nominal amount of DKK 450m, see enclosed information material. 

The bond loan constitutes senior capital and interest is payable twice a year
at 6 months' CIBOR + 0.15 percentage point p.a. 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 1.7075% p.a. The loan
will be repaid on 23 April 2013. 

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 DK0030239314. 

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


Stock exchange announcement no 15/2010