Expected offering at the Nykredit Group's refinancing auctions in December 2007

The expected offering at the Nykredit Group's refinancing auctions in December
amounts to DKK 80.6bn worth of DKK-denominated and EUR 2.9bn worth of
EURdenominated 
fixed-rate non-callable bullet bonds. The amounts are slightly higher
than announced in the stock exchange announcement issued on 15 November. The
expected offering in the capped 5-year BoligX bond is DKK 4.0bn.
The specific offering of covered bonds ("særligt dækkede obligationer" - SDOs)
and 
mortgage bonds ("realkreditobligationer" - ROs - with a risk-weighting of 10%)
as 
well as related ISINs appear from the attached appendix 1.
The specific terms for the auctions are described in the stock exchange
announcement 
issued on 21 November.
Borrowers may refinance or prepay loans up to and including Friday 30 November,
and, due SDO legislation, options have changed compared with the refinancing of
previous years. Please note that the amounts offered may still change.
Every morning throughout the auction period, the individual ISINs offered on
that 
particular day will be announced at nykredit.com/ir.
Questions regarding the bond sale as well as technical issues 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.