FB Aktieportefølje 2007/2015


OMX Nordic Exchange Copenhagen A/S
Listing Department                
Nikolai Plads 6                   
Postboks 1040                     
DK-1007 København K               

16 November 2007

Dexia Banque Internationale à Luxembourg S.A. issue of DKK Equity Linked Note,  
“FB Aktieportefølje 2007/2015“ due 7 December 2015. Issued pursuant to the EUR  
10,000,000,000 Euro Medium Term and Undated Note Programme.                     

Danish ISIN Code: DK0030067947

Dear Sirs,

Dexia Banque Internationale à Luxembourg S.A., is issuing an Equity Linked Note,

• FB Aktieindeks 2007/2015

in DKK due 7 December 2015 through a public offering. The offering period is 27 
and 28 November 2007.                                                           

The maturity is 8 years.

Each year on 6 December, according to Modified Following Business Day           
Convention, the investor receives a coupon. The level of the coupon depends on  
the modified performance of a global basket of 20 equities. The modified        
performance of the basket is calculated as the average of the performance of the
20 equities with an individual Cap of X%. The performance is observed each year 
10 TARGET business days prior to each coupon payment and always computed from   
year 0. The minimum level of the coupon is 3% p.a.                              

The Cap X% will be fixed on 29 November 2007 according to the market conditions 
that day. If, due to the market conditions, it is not possible to achieve a     
minimum Cap of 10%, the issue will be canceled. An indicative level as of 5     
November 2007 is 13%.                                                           

At maturity the investor receives 100% of the invested Aggregate Nominal Amount.

Dexia Banque Internationale à Luxembourg has arranged this issue and Dexia Bank 
Denmark A/S is acting as paying and listing agent for the OMX Nordic Exchange   
Copenhagen A/S. The sale will take place through Forstædernes Bank A/S.         

The Final Terms issued in relation to the Euro Medium Term and Undated Note     
Programme for the Issuance of Debt Instruments will be published through the OMX
Nordic Exchange Copenhagen A/S. The financial statements of Dexia Banque        
Internationale à Luxembourg have been published together with the Dexia Group   
results and are available on www.dexia-bil.com and www.dexia.com or will be     
forwarded upon request by contacting:                                           

Dexia Bank Denmark A/S
Grønningen 17         
DK-1270 Copenhagen K  
Attn: Pia Alexandersen
Phone +45 33 46 11 23 
Fax. +45 33 32 42 01  

Yours Faithfully,

Dexia Banque Internationale à Luxembourg

By:

Jean-Marc Richard Patrick Casters      
Vice President    Senior Vice President