Nykredit Group refinancing auctions September 2007

Nykredit offers DKK 1.5bn worth of Aaa-rated DKK-denominated mortgage bonds in
connection with the interest rate adjustment of Nykredit adjustable-rate
mortgages subject to annual interest rate adjustment on 1 October. 

Offering and auction terms
The auctions take place from Thursday 13 September to Wednesday 26 September
this year (both dates included). For the ISIN code offered, please refer to
Appendix 1, while the specific times and terms of the different auctions appear
from Appendices 2 and 3. 

Questions regarding the bond sale as well as technical matters may be addressed
to Lars Kastrup Nielsen, Head of Trading, tel +45 44 55 11 66. 

Other inquiries may be addressed to Henrik Hjortshøj-Nielsen, Executive Vice
President, Group Treasury, tel +45 44 55 10 40, or Nels Petersen, Head of
Corporate Communications, tel +45 44 55 14 70/+45 20 22 22 72.