Kalmar Structured Finance A/S, Secured Credit-Linked Notes III due 2011

Nordea Bank Danmark A/S, acting as the Arranger of the above mentioned issue,
has on  September 29th, 2008 become aware of an occurrence of a Credit Event
(as defined in the Offering Circular) concerning the following Reference
Entity: 

- Washington Mutual Inc.

This credit event notification is effective on September 29th, 2008.