PRELIMINARY ANNOUNCEMENT OF THE FINANCIAL STATEMENTS FOR 2007 OF THE NYKREDIT REALKREDIT GROUP

PRELIMINARY ANNOUNCEMENT OF THE FINANCIAL STATEMENTS FOR 2007 OF THE NYKREDIT
REALKREDIT GROUP 

- The Group recorded a profit before tax of DKK 4,395m against DKK 4,453m in
2006 
- Marked growth in core earnings within banking, mortgage lending and insurance
- Lending by Totalkredit continued to improve, up DKK 51bn to DKK 363bn
- Total group mortgage lending at nominal value increased by DKK 83bn to DKK
849bn 
- Bank lending totalled DKK 40bn in 2007 against DKK 29bn in 2006
- Nykredit and Totalkredit's proportion of gross new lending was up by 2
percentage points to 43.3% 
- Nykredit Forsikring's combined ratio declined by 1.3 percentage points to
93.4% 
- Nykredit is doing business with more than 1 million customers

FINANCIAL HIGHLIGHTS

- Core income from business operations increased by DKK 422m adjusted for
proportionate consolidation of JN Data 
- Core income from securities went up by DKK 728m to DKK 1,988m
- Operating costs, depreciation and amortisation rose by DKK 159m after
adjustment for proportionate consolidation of JN Data etc 
- Loan impairments made a positive contribution of DKK 67m compared with a net
income of DKK 369m in 2006 
- Investment portfolio income came to DKK 158m
- Value adjustment of strategic equities generated a loss of DKK 465m against
a gain of DKK 1,419m in 2006 
- A dividend distribution of DKK 500m is proposed
- Group equity amounted to DKK 53.9bn net of proposed dividend
- The capital adequacy ratio of the Nykredit Group was 10.3% at end-2007

OUTLOOK FOR 2008

- The Nykredit Realkredit Group expects a profit before tax of DKK 4.6bn−4.9bn
for 2008 

NEW BUSINESS CONCEPT: FINANCIAL SUSTAINABILITY
- Financial sustainability characterises Nykredit today and our future
business model 


Peter Engberg Jensen, Group Chief Executive, has the following comments on the
Financial Statements: 
- We are very pleased with the results. Our strength is seen in marked growth
in core income, both within banking, mortgage lending and insurance. 
We anticipate that the positive trend in our business mix will continue in
2008, for instance through a sharper focus on corporate banking and increasing
progress in business dealings with local and regional partnership banks. 

INFORMATION ABOUT THE NYKREDIT GROUP
More information about the Nykredit Group is available at nykredit.com