Amendment to "Final terms for the prospectus for the offering of SDOs in Nykredit Realkredit A/S, Capital Centre H, series 12H (fixed-rate noncallable bonds, amortisation independent of payments on underlying loans)"

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| Source: Nykredit Realkredit A/S
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In connection with the opening of new ISINs by Nykredit Realkredit A/S, amendments have been made to the "Final terms for the prospectus for the offering of SDOs in Nykredit Realkredit A/S, Capital Centre H, series 12H (fixed-rate noncallable bonds, amortisation independent of payments on underlying loans)".

Amendments to the final terms for series 12H appear from Appendix 1.

The prospectus for the offering of SDOs in Nykredit Realkredit A/S, Capital Centre H, 18 August 2011, including the final bond terms, is available at nykredit.com/ir.

Questions may be addressed to Group Treasury, Lars Mossing Madsen, Head of Bond Trading, tel +45 44 55 11 66, or Remy Sparvath, Chief Dealer, tel +45 44 55 12 85.