Fionia Holding A/S
Increase in the expected provisions on loans

Fionia Bank A/S / News

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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In accordance with new information the Board of Directors have decided to
increase the expected provisions on loans for the year 2008 from approximately
DKK 70 million to DKK 170-200 million - corresponding to 0.7 %-0.8 % of loans
and guarantees as of 31 March 2008. 
 
The increase in the expected provisions for 2008 was already included in Fionia
Banks internal risk assessment which forms the basis for the internal
calculation of the required capital according to the Basel rules. 

The reason for the increase in the expected provisions on loans is due to the
development in the real-estate market, and new information revealing
discrepancies between the information provided and the true status on a few,
but substantial loan arrangements within real estate development financing and
financing of second priority senior notes - business areas, where Fionia Bank
has a long and positive tradition. 

Since the autumn 2007, where the international financial crises evolved, Fionia
Bank has substantially increased focus on the surveillance of the real estate
sector, and the Bank has taken action to secure the best possible handling of
the assets now under management. 

The core business areas in Fionia Bank have developed as expected since the
result for the first quarter 2008 was published. The expected core result for
Fionia Bank for the year 2008 is therefore unchanged at DKK 370-400 million
before provisions on loans and the result of the banks own holdings. The result
on the banks holdings will be influenced by the development on the financial
markets. 

Fionia Banks half-year report will be published Tuesday 5 August 2008.

Please direct questions to this announcement to CEO Finn B. Sørensen +45
65204060. 

News Source: NASDAQ OMX

04.06.2008  Financial News transmitted by DGAP
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