Junior covered bonds


New final terms under Prospectus for bonds issued in pursuance of section
33 e of the Danish Mortgage-Credit Loans and Mortgage-Credit Bonds etc.
Act (junior covered bonds) (issued in the period from 22 January 2009 to
21 January 2010)

Nykredit Realkredit publishes new final terms under Prospectus for bonds issued
in pursuance of section 33 e of the Danish Mortgage-Credit Loans and Mortgage-
Credit Bonds etc. Act (junior covered bonds) (issued in the period from 22
January 2009 to 21 January 2010).

The final terms apply to the bonds set out in Appendix 1.

The prospectus for bonds issued in pursuance of section 33 e of the Danish
Mortgage-Credit Loans and Mortgage-Credit Bonds etc. Act (junior covered bonds)
(issued in the period from 22 January 2009 to 21 January 2010) and the related
final terms are available at Nykredit's website nykredit.com.

Questions may be addressed to Henrik Hjortshøj-Nielsen, Executive Vice
President, tel +45 44 55 10 40, or Nels Petersen, Head of Corporate
Communications, tel + 45 44 55 14 70.

Yours sincerely
Nykredit Realkredit A/S

Attachments

ev - jcb 220109_uk - med forsideselskab.pdf