General meeting

Business transacted at the extraordinary general meeting of Totalkredit A/S
held on Wednesday 19 August 2009. 

On Wednesday 19 August 2009 at 17:00, Totalkredit A/S (CVR no 21 83 22 78) held
an extraordinary general meeting at the Company's offices in Taastrup. 

Pursuant to Article 10.1 of the Articles of Association, the Board of Directors
had elected Jens Færgemann, Senior Vice President, as chairman of the meeting.
He established that the general meeting had been duly convened and formed a
quorum in every respect, as Nykredit Realkredit A/S, which holds all shares of
the Company, was represented. 

The agenda of the extraordinary general meeting was as follows: 

1.	Election of members for the Board of Directors 
2.	Any other business 

Re item 1. Election of members for the Board of Directors 
At the general meeting Niels Tørslev (Chairman), Group Managing Director,
retired from the Board of Directors. 

Kim Duus, Group Managing Director, and Lars Holst, Executive Vice President,
were elected as new members of the Board of Directors. 

Kim Duus is Group Managing Director of Nykredit Realkredit A/S, Managing
Director of Nykredit Holding A/S, Managing Director of Nykredit Bank A/S and
director of Nykredit Porteføljeadministration A/S. 

Lars Holst is Executive Vice President of Nykredit Realkredit A/S.

Re item 2. Any other business 
The chairman of the meeting established that there was no business to be
transacted under this item, and the general meeting was adjourned. 

Immediately after the general meeting, the Board of Directors elected its own
Chairman and Deputy Chairman and is subsequently composed of: 

Søren Holm, Group Managing Director			Chairman 
Bent Naur, Executive General Manager			Deputy Chairman 
Jette Alsig Bargholz, Support Consultant		Staff-elected 
Kim Duus, Group Managing Director
Karen Frøsig, Chief Executive
Lars Holst, Executive Vice President 
Jari Loch Jensen, Team Manager			Staff-elected
Gert Jonassen, CEO
Frank Kristensen, CEO
Merete Nilausen, Bank Competency Manager 		Staff-elected 

Taastrup, 19 August 2009 

Chairman of the meeting:

Jens Færgemann, Senior Vice President