Moody's places rating of hybrid core capital on review for possible

The rating agency Moody's Investors Service has announced that its methodology
for rating subordinate and hybrid core capital has been changed. 

Following this change, Moody's has placed 775 debt securities issued by 170
banks in 36 countries on review for possible downgrade. 

Nykredit Realkredit A/S's two hybrid core capital issues are affected by
Moody's announcement. For Nykredit Bank A/S, hybrid core capital issued under
its Euro MTN programme is affected. Currently, the Bank has no hybrid core
capital issues. 

Contacts
Søren Holm, Group Managing Director, tel +45 44 55 10 10, or Nels Petersen,
Head of Corporate Communications, tel +45 44 55 14 70/+45 20 22 22 72.