Company Announcement No. 34, 2016 – Addendum to Nordea Kredits final terms

The following security codes have been added to the final terms of variable
interest rate callable and non-callable covered mortgage bonds (SDRO):

Non-callable variable interest rate annuity bond with option for interest-only
period of 1-10 years

ISIN code    Nom.interest   Name            Opening  Closing  Maturity  Currency
             rate/Maturity                  date     date     date
DK000203645  0,42% 2019     NDACITA6OA19RF  11/04    30/04    01/07     DKK
-8                                          -2016    -2019    -2019

Non-callable variable interest rate bullet

ISIN code    Nom.interest   Name             Opening  Closing  Maturity
Currency
             rate/Maturity                   date     date     date

DK000203637  0,29% 2019     NDACIBOR6OA19RF  11/04    30/04    01/07     DKK
-5                                           -2016    -2019    -2019

Non-callable variable interest rate annuity bond

ISIN code    Nom.interest   Name           Opening  Closing  Maturity  Currency
             rate/Maturity                 date     date     date
DK000203653  0,29% 2019     NDACIBOR619RF  11/04    30/04    01/07     DKK
-2                                         -2016    -2019    -2019

The Bonds are subject to new Legislation, with the Danish Parliament’s adoption
of amendments to the Danish Mortgage-Credit Loans and Mortgage-Credit Bonds etc
Act and the Danish Financial Business Act regarding regulation of refinancing
risk for covered mortgage bonds etc on 11 March 2014.

Reference is otherwise made to the attached final terms.

Questions can be directed to Ole Hansen on phone no. +45 55 47 38 69

Yours faithfully

Nordea Kredit Realkreditaktieselskab