Fixing of coupon rate in 11D series effective from 1 July 2006

With effect from 1 July 2006, the coupon rate of the following bond financing RD Cibor6® will be adjusted.

The new coupon rate will apply in the period from 1 July 2006 to 31 December 2006.

ISIN codeNameCoupon rate until 30 June 2006New coupon rate from 1 July 2006 DK000927465611D 6F OA2.

71 % p.

a.

3.

39 % p.

a.

Yours faithfully,

The Executive Board

Any questions should be addressed to First Vice President Stig Tørnes-Hansen, phone +45 33 39 31 56.