Result of the auction of 4.50% 15/11 2039

| Source: Danmarks Nationalbank Danmarks Nationalbank 

Bids, sales and cut-off price are presented in the table below:

Stock 
exchange code          Bid
                       Mill.kr.
                       (nominal)     Sale     Cut-off price     Pro-rate
99 22320               27,440        26,100    110.90            100%
DGB 4.50 15/11/2039				
			
Settlement date: 5 December 2008.