FB Rentestejler 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 Interest Rate Linked 
Note, “FB Rentestejler 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: DK0030067863

Dear Sirs,

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

• FB Rentestejler 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 spread between the 20- and 2 years Euro Constant Maturity Swap Rates        
multiplied by a Leverage. The spread is observed 10 TARGET business days prior  
to each coupon payment The minimum level of the coupon is 3% p.a.               

The Leverage 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 Leverage of 5, the issue will be canceled. An indicative level
as of 5 November 2007 is 6.5.                                                   

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