Fixing of coupon rates in 53D, 63D, 73D and 83D series effective from 1 October 2006

Stock exchange announcement number 13 – 2006

With effect from 1 October 2006, the coupon rates of the following bonds financing FlexGaranti® will be adjusted.

The new coupon rates will apply in the period from 1 October 2006 to 31 March 2007.

ISIN codeNameCoupon rate until 30 September 2006New coupon rate from 1 October 2006 DK000927279153D 6FF3.

56 % p.

a.

4.

16 % p.

a.

DK000927260163D 6FF OA3.

56 % p.

a.

4.

16 % p.

a.

DK000927325253D 5FF3.

81 % p.

a.

4.

41 % p.

a.

DK000927333663D 5FF OA3.

81 % p.

a.

4.

41 % p.

a.

DK000927376573D 6CF3.

66 % p.

a.

4.

26 % p.

a.

DK000927384983D 6CF OA3.

66 % p.

a.

4.

26 % p.

a.

DK000927341973D 5CF3.

91 % p.

a.

4.

51 % p.

a.

DK000927368283D 5CF OA3.

91 % p.

a.

4.

51 % p.

a.

Yours faithfully,

The Executive Board

Any questions should be addressed to First Vice President Stig Tørnes-Hansen, phone +45 45 13 20 38.