BankNordik P/F - Company Announcement

BankNordik – Repays subordinated loan capital

BankNordik - Repays subordinated loan capital

(ISIN DK0030278726)

On June 24th 2011 BankNordik issued subordinated loan capital amounting to DKK
420m with day of maturity on June 24th 2021. 

BankNordik has obtained approval from the Danish Financial Supervisory
Authority (Finanstilsynet) to early repayment of up to nom. DKK 150m of the
Bank's subordinated loan capital. 

BankNordik therefore offers to repurchase up to nom. DKK 150m of the above
mentioned subordinated loan capital at a price of 100.00 (at par). The
repurchase will be carried out with transaction date on Monday July 30th 2012
and value date on Thursday August 2nd 2012. The repurchase will be done with a
view to annulment of the bonds. 

Nykredit A/S will arrange the repurchase on behalf of BankNordik.

Investors who wants to sell all or a part of their holdings of the above
mentioned subordinated bonds, shall no later than Friday July 27th 2012 at
16.00 CET submit such an order to the investor's own custodian institution. 

In case that the accumulated orders from investors exceed the total repurchase
amount of DKK 150m, each investor's order will be reduced prorate, whereby the
total repurchase amount will be at most DKK 150m. The fact that the bonds have
a unit amount of DKK 100.000 implies that each order will be rounded to the
nearest multiple of DKK 100.000 in accordance with the general rules on round
off. In case of oversubscription BankNordik reserves the right to adjust the
quoted value of the total repurchase downwards, such that the rounded quoted
value of the traded orders is held within DKK 150m. 

BankNordik will publish an announcement according the result of the repurchase
on Monday July 30th 2012. 

The Bank's solvency at June 30th 2012 will be published in accordance with the
publication of the Bank's interim report for H1-2012. The Bank's solvency at
June 30th 2012 is estimated to approximately 15.6 pct., and after the
repurchase of subordinated loan capital amounting to nom. DKK 150m the
estimated solvency is approximately 14.4 pct. 

Further information:

Orders shall be submitted by contacting the custodian institution of
BankNordik, for details see below. For other information please contact the
Bank's CEO, Janus Petersen, phone: +298 330 340. 



Kind regards

BankNordik



Custodian institution:

Nykredit Bank A/S

Kalvebod Brygge 47

DK-1780 Copenhagen V

Attention: Securities-department

Phone: +45 44 55 10 33

Telafax: +45 45 55 13 33

E-mail: depot@nykredit.dk