Company announcement No. 128, 2014 – Update of expected amounts of Nordea Kredit Covered Bonds to be sold during the remainder of 2014:

As a follow up to the company announcement no. 125 published on December 12th,
Nordea Kredit now expects to issue the following bonds up to year-end 2014:

DK0002029248            Cibor6 2016                   Ca. 2.500 - 3.500m DKK
DK0002029594            Cita6 2016                    Ca. 1.200 - 1.500m DKK
Callables               20 + 30 year                  Ca.   900 - 1.200m DKK
DK0002029834            2% Oct. 2015                  Ca.   200 -   300m DKK
DK0002027549            2% Oct. 2017                  Ca. 1.300 - 1.800m DKK
DK0002029750            2% Oct. 2019                  Ca. 1.200 - 1.500m DKK

LU1110205314            Euribor3 2019                 Ca.   450 -  500m EUR

Nordea Kredit expects the majority of the bonds to be offered to the market on
December 23rd 2014.

Nordea Kredit is not obliged to sell the full amounts announced.

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

Yours faithfully

Nordea Kredit Realkreditaktieselskab