BankNordik P/F - Fyrirtækjafréttir

Correction to change in Outlook 2011

Reference is made to BankNordik's company announcement on 7 October 2011. In
said announcement it was erroneously announced that net insurance income is
expected to be on the same level as in 2010 and that staff and administrative
expenses, amortisation and depreciation and other costs are expected to
increase by 50-55 % compared to 2010. Net insurance income is, however,
expected to be 40-50 % higher than in 2010 and staff and administrative
expenses, amortisation and depreciation and other costs are only expected to
increase by 40-45 % compared to 2010. 

The forecast of the Group's pre-tax profit before value adjustments and
excluding further sector costs in H2 2011 is still the range of DKK 50m-80m. 



Further information:

Janus Petersen, CEO, and Árni Ellefsen, CFO, tel.: (+298) 330 330.