Result of the auction of 4.5 per cent 2039

| Source: Danmarks Nationalbank Danmarks Nationalbank 

Bids, sales, cut-off price, pro rata and yield are presented in the table below:

Stock exchange code     Bid
                        Mill.kr.
                        (nominal)   Sale   Cut-off price   Pro rata   Yield
99 22320                21,160      10,040    121.45        97%       3.34 pct. 
DGB 4.50 15/11/2039

Settlement date: 28th June 2010