Kommunekredit - Admission for trading and official listing with effect from 18 November 2008

Copenhagen, 17 November 2008

Kommunekredit - Admission for trading and official listing

It has been decided to admit the following bond for trading and official listing
with effect from 18                                                             

November 2008:

ISIN         Name            Payments per year Maturity date   
DK0008926454 0% 222 St. 2014 2                 20 November 2014

The bond is denominated in DKK and will be placed under Realkredit- og særlige  
institutter i in the                                                            

group Kommunekredit, Åbne serier in the subgroup Kommunekredit, Stående lån,    
Variabel.                                                                       

For further information, please see the information material published by       
Kommunekredit.                                                                  

For further information, please contact: Jeppe Møller Nielsen, Surveillance,    
tel. +45 33 93 33 66