Company Announcement No. 6, 2015 - Auction of covered mortgage bonds in Nordea Kredit Realkreditaktieselskab

With the refinancing of Nordea Kredit's adjustable rate mortgages (ARMs) as of 1
April 2015 an electronic auction will be held in February 2015.

The ARMs will be refinanced in covered mortgage bonds (SDRO). Nordea Bank
Danmark will conduct the auction.

The Auction            The auction will be held in the market for mortgage
                       bonds at NASDAQ Copenhagen.

                       The Dutch (hidden call) auction principle will be
                       applied, implying that where bids exceed the cut-off
                       price, the full amount will be settled at the cut-off
                       price. Bids made at the cut-off price may be allocated
                       on a pro rata basis. There will be no allocation in
                       respect of bids below the cut-off price.
Auction period         Tuesday, 24 February up to and including Thursday, 26
                       February 2015.
Amount                 Final volumes offered and time schedule are expected to
                       be announced in the week 6, 2015.
Settlement date        1 April 2015

Participant            Bids can be made by anyone with an access to the market
                       for mortgage bonds at NASDAQ Copenhagen.
                       In case of technical problems, bids can be made to
                       Nordea Markets. Contact persons are Bjarne Hammeken
                       phone no. +45 3333 1707 and Kim Petersen phone no. +45
                       3333 1644.

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