Totalkredit A/S - changes in Management

At the general meeting held on 1 October 2007, Peter Engberg Jensen retired
from the Company's Board of Directors. In his stead, Niels Tørslev, Group
Managing Di-rector, was elected as new board member. 

At the subsequent board meeting, Niels Tørslev, Group Managing Director,
retired from the Executive Board. Troels Bülow-Olsen, Executive Vice President,
will join the Executive Board and take over Niels Tørslev's previous area of
responsibility. Troels Bülow-Olsen is 49 years and has worked with Totalkredit
since its formation in 1990. 

The Executive Board of Totalkredit A/S will subsequently consist of Troels
Bülow-Olsen, Hans Henrik Andersen and Per Nykjær, all Managing Directors. 

As a result, Totalkredit A/S has published an addendum to the prospectus for
the offering of mortgage bonds. The addendum is also available at
Totalkredit.dk. 

Questions may be directed at Hans Henrik Andersen, Managing Director,
tel +45 44 55 54 02.

Please find enclosed a CV for Niels Tørslev, Group Managing Director (Appendix
1). 

Yours sincerely
Totalkredit