Company Announcement No. 109, 2014 – Addendum to Nordea Kredits final terms

The following security codes have been added to the final terms of variable
interest rate callable and non-callable covered mortgage bonds (SDRO):

Variable interest rate annuity bond with option for interest-only period of 1-10
years, non-callable

ISIN code    Nom.interest   Name            Openingdate  Closingdate  Maturity
Currency
             rate/Maturity                                            date

DK000203254   0,21% 2018    NDACITA6OA18RF   29/10-2014  30/04-2018   01/07
DKK
-9                                                                    -2018

DK000203262  0,21%  NDACIBOR6OA18RF  29/10-2014  30/04-2018  01/07-2018  DKK
-2           2018

The Bonds are subject to new Legislation, with the Danish Parliament’s adoption
of amendments to the Danish Mortgage-Credit Loans and Mortgage-Credit Bonds etc
Act and the Danish Financial Business Act regarding regulation of refinancing
risk for covered mortgage bonds etc on 11 March 2014.

Reference is otherwise made to the attached final terms.

Questions can be directed to René Boesen on phone no. +45 33 33 25 26

Yours faithfully
Nordea Kredit Realkreditaktieselskab