To OMX Nordic Exchange Copenhagen, 5 December 2007 the Luxembourg Stock Exchange Announcement no. 56/2007 and the Press Sales of bonds for the refinancing of adjustable rate mortgage loans As stated in BRFkredit's announcement no. 52/2007 issued on November 21st, 2007, BRFkredit will sell non-callable bullet mortgage bonds (RTL bonds) to refinance adjustable rate mortgage loans. Adjustable rate mortgage loans that are being refinanced as per 1 January 2008 will form the basis of the bond sales. The bond sales will be executed as ordinary sales (tap sales) between 10 December 2007 and 14 December 2007 (inclusive) on OMX Nordic Exchange Copenhagen. The bonds are offered for sale with 2 January 2008 as settlement date. However, investors who prefer to receive the bonds prior to this date may request so. Sales will be reported to OMX Nordic Exchange Copenhagen according to the trading rules of the Exchange. BRFkredit is not obliged to offer or sell any specific amount on any specific dates. It is, however, the intention of BRFkredit to distribute the sale evenly throughout the period. The below mentioned mortgage bonds are expected to be offered in the period: -------------------------------------------------------------------------------- | ISIN | Bond | Currency | Amount offered | | | | | (nominal) | | | | | in millions | -------------------------------------------------------------------------------- | DK0009357949 | 4% 321.B. RTL 2009 | DKK | 31,000 | -------------------------------------------------------------------------------- | DK0009358087 | 4% 321.B. RTL 2010 | DKK | 600 | -------------------------------------------------------------------------------- | DK0009358673 | 4% 321.B. RTL 2011 | DKK | 2,250 | -------------------------------------------------------------------------------- | DK0009358756 | 4% 321.B. RTL 2012 | DKK | 100 | -------------------------------------------------------------------------------- | DK0009358327 | 4% 321.B. RTL 2013 | DKK | 600 | -------------------------------------------------------------------------------- | DK0009359648 | 4% 321.B. EUR 2009 | EUR | 120 | -------------------------------------------------------------------------------- The offered bonds are rated Aa1 by Moody's Investors Service. These mortgage bonds will, in parallel with BRFkredit's other currently open mortgage bonds, be closed for further issuance before the end of 2007. This will secure them the status of covered bonds and thus they continue to carry a low 0.1 risk weight in capital adequacy calculations. Refinancing prices for BRFkredit's borrowers will be announced no later than 17 December 2007. BRFkredit's daily mortgage bond sales in relation to the disbursement of new loans and purchases of mortgage bonds in relation to redemption of existing loans will be executed in parallel with the abovementioned sales. Further information regarding BRFkredit's opening of new covered bonds (SDOs) and the closing of currently open mortgage bonds will be announced later. For further information about the mortgage bond sales please contact: Head of Investments André Hauberg on telephone (+45) 45 26 29 18 Portfolio Manager Michael Dan Pedersen on telephone (+45) 45 26 20 69 Investor Relations Officer Jacob Winthereik on telephone (+45) 45 26 27 24 Yours sincerely BRFkredit Lars Waalen Sandberg Vice President