Alm. Brand — AGM Information 2011

Apr 26, 2011

The annual general meeting of Alm. Brand Bank A/S held today was conducted in
accordance with the agenda and the complete proposals.

The Annual Report for 2010 was approved and discharge from liability was
granted to the Board of Directors and the Management Board.

The resolution proposed by the Board of Directors to transfer the loss for the
year of DKK 646,974 thousand after tax to shareholders' equity was adopted.

The shareholders adopted the resolution proposed by the Board of Directors that
the general meeting authorises the Board of Directors for the period until 1
May 2015 to increase the bank's share capital in one or more issues by a total
nominal amount of DKK 1,000,000,000 with pre-emptive rights to the existing
shareholders by cash payment or by conversion of debt, as resolved by the Board
of Directors. The shareholders resolved to insert the authorisation as a new
article 3a of the articles of association.

The question of whether the shareholders wish to indicate if the bank intends
to use the winding-up scheme in the Danish Act on Financial Stability
applicable from 1 October 2010 was presented to the shareholders. The
shareholders stated that they do not wish to indicate a position on a form of
winding-up.

The shareholders approved the resolution proposed by the Board of Directors on
the approval of a remuneration policy for the Alm. Brand Group

In accordance with the resolution proposed by the Board of Directors, the
shareholders re-elected the board members Jørgen Hesselbjerg Mikkelsen, Boris
Nørgaard Kjeldsen, Arne Nielsen and Søren Boe Mortensen and elected Tage
Benjaminsen as new board member.

Deloitte Statsautoriseret Revisionsaktieselskab was re-appointed as the
company's auditors.

At a meeting held after the general meeting, the Board of Directors re-elected
Jørgen Hesselbjerg Mikkelsen as its Chairman and Boris Nørgaard Kjeldsen as its
Deputy Chairman.

Please direct any questions regarding this announcement to Ole Joachim Jensen,
Chief Executive, on tel. +45 35 47 70 14 or Susanne Biltoft, Head of
Information and Investor Relations on tel. +45 35 47 76 61.

Alm. Brand Bank A/S

Ole Joachim Jensen
Chief Executive