Kalmar Structured Finance A/S - 2nd Issue - Fixing of Coupon

Structured Finance Servicer A/S

Københavns Fondsbørs                          
Afdeling for Udstederrelationer og Kundebordet

Fixing of Coupon

22-12-2008

Kalmar Structured Finance A/S - 2nd Issue

In connection with the determination of the coupons for the following interest  
period we can inform that the coupons will be as follows.                       

Start date: 29-12-2008 (inclusive)
End date:   30-03-2009 (exclusive)

ISIN code:    Name:          Coupon:
NO 0010269160 Class B1 Notes  5,870%
 XS0218336492 Class B2 Notes  4,653%
 XS0218336906 Class C Notes   6,453%
 XS0218337466 Class D Notes  14,553%

Kind regards,                  
Structured Finance Servicer A/S

Pernille Dammand

Structured Finance Servicer Strandgade 3       Tel.            Bus. reg. no. 
A/S                                            +4533333333     24606910 
                            Postbox 850        Fax +4533332697 Copenhagen 
                            DK-0900 Copenhagen 
                            C