Announcement relating to Kalvebod plc - Series 3


The denomination of Series 3 (ISIN: DK0030033378) has been changed from DKK 10,000 to DKK 0.01.

The change is due to the reduction of the principal amount of the series resulting from the default of Amagerbanken ("Bond Collateral Default"). Accordingly, the initial denomination of DKK 10,000 no longer reflected the true value.

Please address any questions concerning this announcement to Nykredit Bank A/S, Ditte Sveidahl, at +45 44 55 19 94 or dis@nykredit.dk.


On behalf of Kalvebod plc

Nykredit Bank A/S as Listing Agent


Attachments

Announcement relating to Kalvebod plc - Series 3 - 04 03 2011.pdf