New rates of Nykredit ARMs subject to annual refinancing on 1 October

Nykredit has finalised the auctions in connection with the interest rate
adjustment of Nykredit's adjustable-rate mortgages (ARMs) subject to annual
interest rate adjustment on 1 October. 

The new cash loan rates of loans subject to interest rate adjustment based on
the refinancing principles "10-day average price" and "auction price" are
5.326% and 5.279%, respectively. The refinancing auctions had an average
bid-to-cover ratio of 3.9. 

For detailed auction results, please refer to the attached appendices.

Inquiries may be addressed to Henrik Hjortshøj-Nielsen, Executive Vice
President, Group Treasury, tel +45 44 55 10 40, or Nels Petersen, Head of
Corporate Communications, tel +45 44 55 14 70/+45 20 22 22 72.

Yours sincerely
Nykredit Realkredit A/S