On May 8, 2012, Carrollton Bancorp ("Carrollton") held its annual meeting of stockholders at which the following items were voted on.

(1) Election of Directors for a three-year term.

Nominee                   For      Withheld   BROKER NON-VOTES

Albert R. Counselman   1,353,915   158,784        627,183
David P. Hessler       1,348,274   164,425        627,183
Bonnie L. Phipps       1,348,545   164,154        627,183

(2) To ratify the appointments of Rowles & Company, LLP as the Company's independent registered public accounting firm for the year ending December 31, 2012.

1,988,501 139,779 11,602 -

(3) Approval of a non-binding advisory resolution on executive compensation.

1,206,152 229,579 76,968 627,183

Important Information for Investors and Stockholders

This Current Report on Form 8-K relates to a proposed merger between Carrollton and Jefferson Bancorp, Inc. that will become the subject of a proxy statement, to be filed by Carrollton with the Securities and Exchange Commission ("SEC"). This Current Report on Form 8-K is not a substitute for the proxy statement that Carrollton will file with the SEC or any other document that Carrollton may file with the SEC or that Carrollton or Jefferson Bancorp, Inc. may send to its stockholders in connection with the proposed merger. INVESTORS AND SECURITY HOLDERS ARE URGED TO READ THE PROXY STATEMENT AND ALL OTHER RELEVANT DOCUMENTS THAT MAY BE FILED WITH THE SEC OR SENT TO SHAREHOLDERS, INCLUDING THE DEFINITIVE PROXY STATEMENT AS THEY BECOME AVAILABLE BECAUSE THEY WILL CONTAIN IMPORTANT INFORMATION ABOUT THE PROPOSED MERGER. All documents, when filed, will be available in the case of Carrollton, free of charge at the SEC's website (www.sec.gov) or by directing a request to Carrollton through Mark Semanie, at 410-536-7308 and, in the case of Jefferson Bancorp, Inc., by directing a request to Kevin Cashen at 410-427-3707.

Participants in the Solicitation

CARROLLTON, JEFFERSON BANCORP, INC. and their respective directors and executive officers may be deemed under the rules of the SEC to be participants in the solicitation of proxies from the stockholders of Carrollton. A list of the names of those directors and executive officers and descriptions of their interests in Carrollton will be contained in the proxy statement which will be filed by Carrollton with the SEC. Stockholders may obtain additional information about the interests of the directors and executive officers in the proposed transaction by reading the proxy statement when it becomes available.