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

The Group recorded a profi t before tax of DKK 3,536m against DKK 2,816m for
the same period in 2006 
The rise in profi t derived from increasing earnings growth in banking
operations and higher investment income 
Gross new mortgage lending remained unchanged at DKK 136bn relative to 2006
Bank lending went up by nearly DKK 7bn to DKK 36bn
Nykredit has launched a 3-year dividend plan
- the fi rst dividend payment of DKK 500m will be made in mid-November 2007

FINANCIAL HIGHLIGHTS
Group core income from business operations increased by DKK 486m to DKK 4,697m
Core income from banking and insurance operations accounts for 32% of total
core income from business operations 
Core income from securities was up by DKK 615m to DKK 1,449m
Operating costs, depreciation and amortisation rose DKK 160m to DKK 3,095m.
Adjusted for proportionate consolidation 
of JN Data, operating costs, depreciation and amortisation were up by DKK 5m
Total impairment losses generated net income of DKK 118m against net income of
DKK 276m in 2006 
Investment portfolio income amounted to DKK 367m against DKK 430m in 2006
- it was DKK 114m for Q3/2007 due to positive earnings from government and
corporate bonds as well as equities 
A negative value adjustment of strategic equity investments of DKK 367m after
tax was made against equity 
After recognition of profi t for the period, Group equity amounted to DKK 54.4bn
The Group's core capital ratio was 10.1%, including profi t for the period

2007 - OUTLOOK
Concurrently with the presentation of the H1 Interim Report 2007, the profi t
forecast for the full year was adjusted 
upwards by DKK 800m to DKK 4.4bn-4.7bn. This forecast is maintained as core
earnings developed as expected.