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Strategic alliance with Close Brothers

February 2, 2004

Press release
Danske Markets, Corporate Finance, a department of Danske Bank, has entered into a strategic corporate finance alliance with the European investment bank Close Brothers. The agreement will allow both parties to access each other’s services and corporate finance markets.

- The alliance with Close Brothers is a natural step in the face of increasing globalisation, says Jens Peter Toft, Global Head of Corporate Finance, Danske Markets. - It gives us access to corporate finance expertise outside the Nordic area, including the major European countries. The co-operation will benefit our Nordic customers who wish to expand by way of acquisitions in the UK, Germany, France, Spain or other countries. Toft expects the new agreement to increase Danske Markets' corporate finance volume.

Close Brothers is quoted on the London Stock Exchange. In addition to the company's strong presence in the UK, it is also represented in Germany, France, Spain and other European countries. Close Brothers employs a staff of 150 corporate finance professionals in London, Frankfurt, Paris and Madrid, and operates through a world-wide network of associated corporate finance houses.

In addition to its activities in Denmark, Danske Markets, Corporate Finance, has activities in the UK, Sweden, Norway and the USA.