To NASDAQ OMX Copenhagen and the Press 23 August 2010 Announcement no. 75/2010 Sales of bonds for the refinancing of adjustable rate mortgage loans During the days between 13 September 2010 and 17 September 2010 (inclusive) BRFkredit will sell non-callable bullet bonds (RTL bonds) to refinance adjustable rate mortgage loans. The amount of bonds to be offered is expected to be DKK 3½ - 4bn. The bonds are offered for sale with 1 October 2010 as settlement date. However, investors who prefer to receive the bonds prior to this date may request so. BRFkredit will carry out the bond sales as ordinary sales on NASDAQ OMX Copenhagen. BRFkredit is not obliged to offer or sell any specific amount on any specific dates. It is, however, the intention of BRFkredit to distribute the sale evenly throughout the period. Post-trade information will be disclosed through NASDAQ OMX Copenhagen. The refinancing and interest rate adjustments are generally going to be based on covered bonds (SDOs), but for certain segments, the interest rate adjustment will be funded by mortgage bonds (ROs). BRFkredit's daily bond sales in relation to the disbursement of new mortgage loans, purchases of bonds in relation to redemption of existing mortgage loans and purchases for the investment of surplus liquidity will be executed in parallel with the abovementioned sales. The below mentioned bonds are expected to be offered during the period: -------------------------------------------------------------------------------- | ISIN | Bond | Currency | Expected offered | | | | | amount | -------------------------------------------------------------------------------- -------------------------------------------------------------------------------- | DK0009372237 | 2% 321.E.ok.11 2011 | DKK | DKK 3bn | | (SDO) | | | | -------------------------------------------------------------------------------- | DK0009372906 (RO) | 2% 321.B.ok.11 2011 | DKK | DKK 0.5bn | -------------------------------------------------------------------------------- -------------------------------------------------------------------------------- Please note that the abovementioned amounts may change as customers in BRFkredit with adjustable-rate loans that are up for refinancing on 1st October 2010 during the period up to and including 31 August 2010 can make choices in relation to existing adjustable-rate loans, including changing the fixed rate period. BRFkredit will publish updated information on expected offered amounts. In case of technical questions regarding the bond sales please contact: Head of Investments André Hauberg on telephone (+45) 45 26 29 18 Investor Relations Officer Jacob Winthereik on telephone (+45) 45 26 27 24 Head of secretariat Anette Rom on telephone (+45) 45 26 29 15 Other questions please contact: Chief Economist, Assistant Vice President Ulrikke Ekelund on telephone (+45) 45 26 22 57 Yours sincerely BRFkredit Lars Waalen Sandberg Senior Vice President