Fionia Holding A/S
Fionia Bank joins the new government-backed deposit guarantee scheme

Fionia Bank A/S / 

Release of a Adhoc News, transmitted by DGAP - a company of EquityStory AG.
The issuer is solely responsible for the content of this announcement.
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The Danish Government has issued a two-year guarantee for all loans and
unsecured claims against Danish financial institutions. According to an
agreement with the banking sector, it will be managed and financed by Det
Private Beredskab (the Banking Sector Emergency Fund). 

Fionia Bank's Board of Directors has today decided to confirm its membership of
the Banking Sector Emergency Fund. Accordingly, Fionia Bank will contribute to
and be covered by the new government-backed deposit guarantee scheme, which
will be operative for two years as from 6 October 2008. 

Fionia Bank's share of the annual guarantee commission of DKK 7.5 billion is
expected to amount to DKK 75-100 million. To this should be added a share of
the total guarantee limit plus any increased guarantee commission (cf. the
terms of the agreement) out of a total limit of DKK 20 billion. In 2008 Fionia
Bank's participation in the guarantee scheme is expected to have a negative
impact on the bank's pre-tax profit of DKK 20-25 million. On the other hand we
expect a positive effect on the economic stability. 

At the same time Fionia Bank has confirmed its membership of the Banking Sector
Emergency Fund, and in accordance with the intentions of the new agreement the
decision has been made not to distribute dividend for the next two years.
Fionia Bank has not had or do have share-option-based management incentive
schemes. 


Sincerely yours

The Executive Board

News Source: NASDAQ OMX

06.10.2008  Financial News transmitted by DGAP
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Language:     English
Issuer:       Fionia Bank A/S
              
               
              Denmark
Phone:        
Fax:          
E-mail:       
Internet:     
ISIN:         DK0010169895
WKN:          
 
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