Nordjyske Bank A/S Updates on FY 2012 Core Earnings Guidance

Nordjyske Bank A/S announced that it expects to have continuing satisfactory core earnings in the fiscal year 2012, before payment of the Deposit Guarantee Fund loan losses and revaluation of securities, at the upper end of the previously announced range of between DKK 175 million and DKK 200 million. The overall result will be affected by write-downs on loans and the performance of the Bank's portfolio of securities. The main uncertainty factor is the write-downs on loans and guarantees. Write-downs in the fiscal year 2012 will remain at a level above normal as a result of the weak economic growth.