New member of Board of Management in Sparekassen Faaborg



Mr. Preben Lykkegaard, Managing Director of Sparekassen Faaborg,  has
informed the Board  of Directors that  he wishes to  retire from  his
post as  of  1st  April  2010.  His retirement  will  be  part  of  a
generational change of the management  of Sparekassen Faaborg. It  is
arranged that Preben  Lykkegaard will continue  to be connected  with
Sparekassen Faaborg through  assignments for  Fonden for  Sparekassen
Faaborg and her subsidiaries.

The Board of Directors has employed Mr. Claus Sejling, executive bank
manager of  Lån  &  Spar  Bank, as  joint  managing  director.  Claus
Sejling, who is 42 years  old, will take up  his post on 1st  October
2008. The Board of Management will then consist of Preben  Lykkegaard
and Claus Sejling, Preben Lykkegaard  being chairman of the Board  of
Management.

On 1st April 2010  when Preben Lykkegaard resigns  from the Board  of
Management,  Claus  Sejling  continues  as  sole  managing  director,
alternatively as chairman  of the Board  of Management in  case of  a
Board of more members.

Claus Sejling has received his  education within the banking  sector.
In 1991 he was engaged by Lån & Spar Bank and since 2005 he has  been
a member  of  the Board  of  Management.  During his  many  years  of
employment in Lån & Spar Bank he  has had various posts such as  head
of IT and Organization, Assistant to the Board of Management,  Deputy
Manager, Vice Manager and latest Executive Bank Manager.

Attachments

CJMEDDELELSEENG.pdf