Company Announcement No. 83, 2015 - Auction of covered mortgage bonds in Nordea Kredit Realkreditaktieselskab

With the refinancing of Nordea Kredit Realkreditaktieselskab's adjustable rate
mortgages (ARMs) as of 1 October 2015 an electronic auction will be held in
August 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 allocated 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                    25 August up to and including 27 August
                                  2015.
Amount                            Final volumes offered and time schedule are
                                  expected to be announced in the week 32,
                                  2015.
Settlement date                   1 October 2015.
Participant                       Bids can be made by anyone with an access to
                                  the market for mortgage bonds at NASDAQ
                                  Copenhagen.
                                  Bids can also 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 Funding, Peter
Brag phone no.
+45 3333 1663 or Juho-Pekka Jääskeläinen phone no. +45 3333 1626.

Yours faithfully

Nordea Kredit Realkreditaktieselskab