Interest rate adjustment based on auction prices

Today Nykredit conducted a number of stand-alone auctions of mortgage bonds
(with a 10% risk-weighting) in connection with the interest rate adjustment of
Nykredit Tilpasningslån (ARMs) according to the Auction Price principle. The
interest rate of the loans will be adjusted on 1 January 2008. 

The auctions had an average bid-to-cover rate of 3.8 and bonds of a nominal DKK
6.6bn and EUR 30.0m were sold. 

For detailed information on the bond sale, please refer to nykredit.com/ir.

Inquiries may be addressed to Lars Kastrup Nielsen, Head of Trading, Group
Treasury, 
tel +45 44 55 11 66, or Nels Petersen, Head of Corporate Communications, tel 
+45 44 55 14 70/+45 20 22 22 72.