Result of auction of 4% Danish Government Bond 2012

| 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 22593
DGB 4 15/11/2012   20.140       4.980     104,35            66,4%
			
Settlement date: 28 April 2009.