BRFkredit a/s raises subordinate loan capital of DKK 2,221m in the form of hybrid core capital

To NASDAQ OMX Copenhagen 
6 November 2009 
Announcement no. 93/2009                                                   
	                                                                               
	                                                                               




BRFkredit a/s raises subordinate loan capital of DKK 2,221m in the form of      
hybrid core capital                                                             


On 5 November 2009, BRFkredit obtained approval from the Danish government of a 
subordinate loan capital injection in the form of hybrid core capital amounting 
to DKK 2,221m. The issue date of the loan is 10 November 2009.                  

The YTM is fixed at 11.14 pc p.a. The interest rate has been fixed on the basis 
of the 5-year government bond zero-coupon rate, a fixed risk premium of 6       
percentage point and an individually fixed premium of 2.25 percentage point for 
BRFkredit.                                                                      

The loan has indefinite maturity, but on the initiative of BRFkredit it may be  
repaid at par from the beginning of year four and until the end of year five    
after the issue date, at price 105 until the end of year six, and after that at 
price 110.                                                                      

With this agreement, the capital base of BRFkredit has been further             
strengthened. On the background of the interim statement for Q3 2009, BRFkredit 
will after the capital injection have a solvency ratio of 14.7 and a core       
capital ratio of 14.8.                                                          

The raising of the loan means that BRFkredit's hybrid core capital amounts to   
18.8 pc of the total core capital (including hybrid core capital).              

The loan agreement and the loan terms and conditions are attached to this       
announcement.                                                                   


For further information, please contact:                                        

CEO Sven A. Blomberg,                                                           
Phone (+45) 45 26 25 00                                                         

Executive Vice President Carsten Tirsbæk Madsen,                                
Phone (+45) 45 26 28 71 or mobile (+45) 40 25 88 74                             




Please observe that the Danish version of this announcement prevails