Fixing of coupon rates in 53D, 63D, 73D and 83D series effective from 1 April 2007

Stock exchange announcement number 5 - 2007

With effect from 1 April 2007, the coupon rates of the following bonds financing FlexGaranti® will be adjusted.

The new coupon rates will apply in the period from 1 April to 30 September 2007.

ISIN codeNameCoupon rate until 31 March 2007New coupon rate from 1 April 2007 DK000927279153D 6FF4.

16 % p.

a.

4.

68 % p.

a.

DK000927260163D 6FF OA4.

16 % p.

a.

4.

68 % p.

a.

DK000927325253D 5FF4.

41 % p.

a.

4.

93 % p.

a.

DK000927333663D 5FF OA4.

41 % p.

a.

4.

93 % p.

a.

DK000927376573D 6CF4.

26 % p.

a.

4.

78 % p.

a.

DK000927384983D 6CF OA4.

26 % p.

a.

4.

78 % p.

a.

DK000927341973D 5CF*4.

51 % p.

a.

5.

00 % p.

a.

DK000927368283D 5CF OA*4.

51 % p.

a.

5.

00 % p.

a.

*) The annual cap rate at 5 % is in effect.



The Executive Board

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