To the Copenhagen Stock Exchange 21 May 2007 Announcement no. 08/2007 Final terms for mortgage bond to be opened on 22 May 2007 On 22 May 2007, BRFkredit will open a new mortgage bond. Final terms for the bond are attached to this announcement. The prospectus for the bond is comprised of the attached final terms and the previously disclosed base prospectus for mortgage bonds issued by BRFkredit a/s. BRFkredit's base prospectus is available on BRFkredit's home page www.brf.dk. Yours sincerely BRFkredit a/s Ulrikke Ekelund Chief Economist Direct phone (+45) 45 26 22 57 E-mail uek@brf.dk Please observe that the Danish version of this announcement prevails Translation from Danish. The Danish version prevails. Final Terms for certain bond issues in BRFkredit's series 321.B.RTL Date 21 May 2007 Interest The bonds carry a nominal rate of interest. Interest is paid on 1 January for the preceding year. Interest payments end on the term day when the bonds are paid out in full. The interest rate meets the conditions of the Danish Act on the Taxation Gains and Losses on Claims, Debt and Financial Contracts in relation to tax exemption for capital gains (the minimum interest rules). Amortisation The bonds are redeemed in full at par on the date of maturity. Capital centre Collateral for the bonds consists of that part of BRFkredit's assets, which is placed in Capital Centre B, including mortgages on real property, other forms of security and the personal liability of the borrowers. Further collateral stems from the remaining assets of BRFkredit under S.31 of the Danish Mortgage Credit Loans and Mortgage Credit Bonds etc. Act. Denomination DKK 0.01 Callability The bonds are non-callable on the part of both BRFkredit and the creditor. Payments Payments are due on the term date 1 January. If this date is a Saturday, a Sunday or a holiday, payment shall be due on the next banking day. The following securities are added to BRFkredit's series 321.B.RTL -------------------------------------------------------------------------------- | Securi | ISIN | Name | Openin | Closing | Inter | Intere | Maturit | | ty ID | code | | g | | est % | st % | y | | code | | | | | p.a. | per | | | | | | | | | term | | -------------------------------------------------------------------------------- -------------------------------------------------------------------------------- | 936464 | DK000936 | 4% 321.B. | 22.05. | 30.11.2 | 4 | 4 | 01.01.2 | | | 4648 | RTL 2018 | 2007 | 017 | | | 018 | -------------------------------------------------------------------------------- --------------------------------------------------------------------------------