As announced by Totalkredit/Nykredit on 6 March 2008, the banks behind
Totalkredit are being offered a new and wider co-operation agreement, which
expands the agreement from 2003, which was entered into when Nykredit acquired
Totalkredit. However, the offer is subject to the condition that it must be
accepted by a sufficient number of banks.
Fionia Bank A/S has decided to support the new contractual basis.
The changed contractual basis will affect the bank's profit and loss account
and solvency ratio already in the present financial year.