TRANSLATION In February 2010 auctions of Danish government bonds will be held on Monday 8 February and Tuesday 16 February. The sale will be settled Thursday 11 February 2010 and Friday 19 February 2010 respectively. Auction 8 February On 8 February 2010 the government bond 4 per cent bullet loans 2015 will be auctioned. The total sale will not exceed DKK 4 billion at nominal value. The sale will commence via MTS Denmark's auction system with pri- mary dealers as counterparts. The auction depends on stable market conditions. As from the opening of MTS Denmark bids can be submitted until 10.30 CET. Subsequently a cut-off price will be fixed as quickly as possible and within 10 minutes at the latest. Bids at the cut-off price or above will be accommodated at the cut-off price. A pro-rata allocation of bids at the cut-off price may be applied. Terms of borrowing can be viewed on www.governmentdebt.dk un- der Investor relations. Auction 16 February No later than three trading days prior to the auction, information about the auctioned bonds will be announced. The auction depends on stable market conditions. Further information For further information please contact Ove Sten Jensen on tel. (+45) 3363 6102.