BankNordik P/F - Fyrirtækjafréttir

BankNordik – Repurchases subordinated loan capital

Result of repurchase of subordinated loan capital (ISIN DK0030278726)

On July 16th 2012 BankNordik initiated a repurchase of subordinated loan
capital issued on June 24th 2011. 

The offer expired on July 27th 2012 where orders for DKK 312,800,000 were
received. As orders received exceeds nom. DKK 150,000,000 all orders will be
multiplied with an allocation percentage and subsequently rounded off to
closest multiple of DKK 100,000. Nykredit has calculated the allocation
percentage to 47.88. The total amount repurchased is DKK 150,000,000. 

The repayment will be made at par value (100) with transaction date today
Monday July 30th 2012 and value date on Thursday August 2nd 2012. Following
this the repurchased bonds will be annulled leaving circulating bonds of DKK
270,000,000 in this ISIN. 

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:

For further information please contact CEO Janus Petersen, phone: +298 330 340.