Jyske Bank A/S
Preliminary financial information for the first six months of 2009 – earnings forecast upgraded

Jyske Bank A/S / Half-yearly Results

Release of a UK Regulatory Announcement, transmitted by DGAP - a company of
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The issuer is solely responsible for the content of this announcement.
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Preliminary financial information for the first six months of 2009 - earnings
forecast upgraded 

?	Profit for the second quarter before tax and contribution to the Danish
         Private Contingency Associa-tion was DKK 546m against DKK 27m for the 
         first quarter of 2009. 
?	The contribution to the Danish Private Contingency Association for the
         second quarter was DKK 201m against DKK 94m for the first quarter of
         2009. 
         Since 1 October 2008, Jyske Bank has recog-nised charges totalling
         DKK 526m in respect of the Danish Private Contingency Association.
?	Core earnings before loan impairment charges and provisions for guarantees
         were DKK 1,447m for the first half of 2009.
?	Loan impairment charges and provisions for guarantees under core earnings
         for the first half of 2009 were DKK 1,026m.
?	Earnings on investment portfolios amounted to DKK 152m for the first six
         months of 2009
?	Pre-tax profit at mid-year was DKK 278m.
?	The solvency ratio was 14.0% (Tier 1: 12.2%). At end-2008, the solvency
         ratio was 12.7% (Tier 1: 11.0%)
?	The liquidity reserve amounted to DKK 46.7bn.
?	Our forecast of core earnings before loan impairment charges and provisions
         for guarantees for 2009 has been raised by about DKK 300m. Our forecast
         of loan impairment charges and provisions for guarantees is maintained.

According to Mr Anders Dam, Managing Director and CEO:

'Our second-quarter earnings were satisfactory. The results were favourably
affected by one-off items in the range of DKK 100m under expenses. Overall,
profit before the return on own investments seems to be about DKK 300m higher
than forecast at the beginning of 2009. 

Impairments charges for the past four quarters amounted to DKK 175m, DKK 681m,
DKK 649m and DKK 377m (the second quarter of 2009), respectively. So far, our
calculation model for impairment charges reflects the development of the Danish
economy. We expect the adverse development of the Danish economy to be less
severe for the rest of 2009, and for that reason we expect the falling trend of
impairment charges to continue. In view of that assessment, we maintain our
forecast of impairment charges for the full year,' concludes Mr Dam.

News Source: NASDAQ OMX

16.07.2009  Financial News transmitted by DGAP
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Language:           English
Issuer:             Jyske Bank A/S
                    
                     
                    DK
Phone:              
Fax:                
E-mail:             
Internet:           
ISIN:               XS0129919246
Category Code:      IR
LSE Ticker:         0EXT
Sequence Number:    217
Time of Receipt:    Jul 16, 2009 08:20:02
 
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