The above bond issue will be redeemed on 23 March 2012 as scheduled.
In accordance with the published prospectus of 19 February 2009 (the "Prospectus"), the calculation agent has calculated the redemption price at 119.74. The redemption amount is consequently DKK 1,197.40 for each bond of DKK 1,000.
The calculation of the redemption price is based on the opening values as at 16 March 2009 and the closing values as at 16 March 2012. These are listed below.
Terms and concepts defined in the Prospectus have the same meaning in this stock exchange announcement.
| Opening price | Closing price | Increase | |||
| Equity | Issuer | Weight | 16.03.2009 | 16.03.2012 | (maximum 60%) |
| 1 | Carlsberg B | 1/10 | 224.00 | 473.70 | 60.00% |
| 2 | Danske Bank | 1/10 | 40.37 | 96.00 | 60.00% |
| 3 | Ericsson B | 1/10 | 77.00 | 68.15 | -11.49% |
| 4 | Fortum | 1/10 | 14.31 | 18.67 | 30.47% |
| 5 | Hennes & Mauritz B | 1/10 | 161.25 | 251.40 | 55.91% |
| 6 | Nokia | 1/10 | 8.99 | 4.02 | -55.28% |
| 7 | Nordea | 1/10 | 43.40 | 66.50 | 53.23% |
| 8 | Statoil | 1/10 | 116.57 | 160.30 | 37.51% |
| 9 | TeliaSonera | 1/10 | 39.18 | 46.59 | 18.91% |
| 10 | Vestas | 1/10 | 251.00 | 63.95 | -74.52% |
| Average increase | 17.4725% | ||||
| Participation rate | 113% | ||||
| Redemption price | 19.74% | ||||
Repayment will be made to the bondholders' account controllers via VP Securities A/S with 23 March 2012 as the value date.
Please address any enquiries concerning this stock exchange announcement to Kristian Weeke or Martin Plougstrup, tel +45 44 55 18 00.
Nykredit Bank A/S
