Company announcement No. 125, 2014 – Expected amounts of Nordea Kredit Covered Bonds to be sold during the remainder of 2014:

Nordea Kredit expects to issue the following bonds up to year end 2014:

DK0002029248  Cibor6 2016    Ca. 4.000 - 5.000m DKK
DK0002029594  Cita6 2016     Ca. 1.000 - 1.500m DKK
Callables     20 + 30 year   Ca. 1.200 - 1.700m DKK
DK0002029834  2% Oct 2015    Ca.    200 -    400m DKK
DK0002027549  2% Oct 2017    Ca. 1.300 - 1.800m DKK
DK0002029750  2% Oct 2019    Ca. 1.100 - 1.600m DKK

LU1110205314  Euribor3 2019  Ca.   500 -     550m EUR

The final amounts will be published in the morning of December 23rd at the
latest. If the estimated amounts change significantly from the amounts mentioned
above, Nordea Kredit will publish a new estimate.

The bonds will be sold over the coming days with the majority being sold on
December 23rd.

Nordea Group Treasury will in connection with the sale of the new bonds offer
the investors the opportunity to sell bonds issued by Nordea Kredit either
maturing or drawn value January 2nd 2015. Due to administrative constraints the
minimum amount is set at DKK 5m per ISIN.

For more detailed information please contact Nordea Group Funding, Peter Brag
phone no.
+45 3333 1663 or Juho-Pekka Jääskeläinen phone no. +45 3333 1626.


Yours faithfully

Nordea Kredit Realkreditaktieselskab