Alm. Brand — Capital/Financing Update 2013

Mar 22, 2013

Based on the strong liquidity position of Alm. Brand Bank, the bank has
resolved to prepay state-guaranteed bond loans worth just over DKK 1 billion.

On 30 June 2010, the bank issued state-guaranteed bonds under Bank Package II
for a total amount of DKK 6 billion maturing on 30 June 2013.

Today Alm. Brand Bank has bought back DKK 1.050.000.000 worth of
state-guaranteed bonds with ISIN code DK0030244157. The bonds bought back will
be used to reduce the principal of the bond loan issued. Hereafter, Alm. Brand
Bank has reduced the principal with just over DKK 5 billion and DKK 950 million
remain unpaid with 30 June 2013 as the maturity date.

The matter of this announcement has no impact on the financial guidance for
2013.

Contact

Please direct any questions regarding this announcement to Susanne Biltoft,
Head of Information and Investor Relations, on tel. +45 35 47 76 61.