Stock Exchange Announcement no. 16/2009 In connection with the preparation of the financial statement for the first 6 months of 2009 Fionia Bank A/S has investigated the larger loan exposures and has ascertained that a considerable writedown must be expected. The reason is especially the very negative market conditions first of all for investment property. The management of Fionia Holding A/S estimates that the equity of Fionia Holding A/S must be considered lost. The clients in Fionia Bank A/S will not be influenced by this situation. Fionia Bank A/S will continue unchanged, as Finansiel Stabilitet will inject the necessary capital in the bank. Spar Nord Bank A/S has today contacted Fionia Bank A/S in order to express an interest in taking over the healthy part of Fionia Bank A/S. Fionia Holding A/S has a very positive attitude to this contact. In order to take care of the shareholders' interest as well as to fulfil EU regulations the approach from Spar Nord Bank A/S has resulted in the decision to prepare a tender process. All interested parties can make an offer for a package deal consisting of all Private Clients, all profitable Commercial Clients and other Services. Further Fionia Bank A/S considers giving the possibility to make an independent offer for Markets including Back Office and Support activities. Best regards Jørgen Bast CEO