Fixing of coupon with effect as from July 1, 2007


The coupon for  the ARM listed below will be changed taking effect July 1,
2007. The new coupon will be in force from July 1, 2007 - December 31, 2007. 

ARM without interest rate cap, CIBOR6:
ISIN-code
DK0002016187, maturity 2011, new coupon as per July 1, 2007:      4,55 % p.a.


Best regards

Nordea Kredit Realkreditaktieselskab