Offering at Nykredit and Totalkredit's refinancing auctions

The total bond offering at the Nykredit Group's refinancing auctions at
end-2010 amounts to DKK 153.0bn, of which the total bond offering covers DKK
77.1bn in DKK-denominated fixed-rate bullet bonds, DKK 43.5bn in
EUR-denominated fixed-rate bullet bonds and DKK 32.4bn in floating-rate bonds. 

Please note that auction in NYK 2% E jan 2013 (ISIN DK000977659-3) and NYK 4% D
jan 2016 (ISIN DK000977918-3) will not be conducted due to small amounts. 

The updated amounts offered and the auction schedule appear from Appendix 1.

For further information about the auction terms, please refer to the stock
exchange announcement dated 8 November and nykredit.com/ir. 

Questions regarding the bond sale as well as technical matters may be addressed
to Nykredit Realkredit A/S, Group Treasury, Lars Mossing Madsen, tel +45 44 55
11 66, Christian Mauritzen, tel +45 44 55 10 14, Pernille Bach Ladevig, tel +45
44 55 10 63 or Theis Ingerslev, tel +45 44 55 20 21. 

Other enquiries 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.