Q1-Q3 INTERIM REPORT - THE NYKREDIT BANK GROUP 1 JANUARY 2007 - 30 SEPTEMBER 2007

Group profi t before tax came to DKK 792m, up DKK 201m on Q1-Q3/2006.
Profi t before tax generated a return on equity of 21.8% pa against 20.6% for
Q1-Q3/2006 and 
22.3% for 2006 as a whole.
Signifi cant growth in Corporate Banking earnings and satisfactory development
in Markets & Asset 
Management.
Excluding impairment losses, Retail Banking was largely on a level with
Q1-Q3/2006. 
Impairment losses equalled an income of DKK 41m against an income of DKK 20m in
Q1-Q3/2006. 
The balance sheet stood at DKK 135bn at 30 September 2007 against DKK 107bn at
end-2006. 
Lending increased by 23% to DKK 35bn.
To strengthen activities in the leasing market, Nykredit Bank A/S acquired
77.35% of the share capital 
in LeasIT A/S on 1 October 2007, after which date the company is a wholly-owned
subsidiary. 
Karsten Knudsen, Group Managing Director, succeeded Henning Kruse Petersen as
Chairman of the 
Board of Directors at the end of September. At the same time, Bjørn Damgaard
Mortensen joined the 
Executive Board.

2007 - OUTLOOK
The Bank maintains its profi t forecast of DKK 0.9bn - DKK 1.0bn as announced
in the 
H1 Interim Report 2007.

INFORMATION ABOUT THE NYKREDIT GROUP
The Nykredit Bank Group's Q1-Q3 Interim Report 2007 and further information
about the Nykredit 
Group are available at nykredit.com.