Result of the buy-back auction of 6 per cent 2011 / 4 per cent 2012

| Source: Danmarks Nationalbank Danmarks Nationalbank 

Offer, buy-back, cut-off price, pro rata and yield are presented in the table
below: 

Stock exchange code     Offer
                        Mill.kr.
                        (nominal) Buy-back  Cut-off price   Pro rata   Yield
99 19961                    -         -          -            -           -
DGB 6,00 15/11/2011 
99 22593                 2,140       740       103.82        100%      0.80%
DGB 4,00 15/11/2012 

Settlement : 1st September 2011