Fixing of coupon rate in 53D, 63D, 73D, 83D, 30S, 31S, 40S, 41S, 12Q, 40Q and 41Q series effective from 1 April 2008

Stock exchange announcement number 21 – 2008

With effect from 1 April 2008, the coupon rate of the following bonds financing RenteDyk™, RD Euribor3™ and FlexGaranti® will be adjusted.

The new coupon rates will apply for RenteDyk™ in the period from 1 April 2008 to 30 September 2008.

ISIN codeNameCoupon rate until 31 March 2008New coupon rate from 1 April 2008* DK000927872340S 2039 6.

07 % p.

a.

5.

69 % p.

a.

DK000927880641S 2039 OA6.

07 % p.

a.

5.

69 % p.

a.

DK000927899640Q 2039 5.

71 % p.

a.

5.

32 % p.

a.

DK000927902841Q 2039 OA5.

71 % p.

a.

5.

32 % p.

a.

* For all ISIN codes Danish banking days are used The new coupon rates will apply for Euribor3™ in the period from 1 April 2008 to 30 June 2008.

ISIN codeNameCoupon rate until 31 March 2008New coupon rate from 1 April 2008 DK000927864012Q 2018 OA4.

86 % p.

a.

4.

78 % p.

a.

The new coupon rates will apply for FlexGaranti® in the period from 1 April 2008 to 30 September 2008.

ISIN codeNameCoupon rate until 31 March 2008New coupon rate from 1 April 2008 DK000927279153D 6FF5.

38 % p.

a.

5.

37 % p.

a.

DK000927260163D 6FF OA5.

38 % p.

a.

5.

37 % p.

a.

DK000927325253D 5FF5.

00 % p.

a.

5.

00 % p.

a.

DK000927333663D 5FF OA5.

00 % p.

a.

5.

00 % p.

a.

DK000927376573D 6CF5.

48 % p.

a.

5.

47 % p.

a.

DK000927384983D 6CF OA5.

48 % p.

a.

5.

47 % p.

a.

DK000927341973D 5CF5.

00 % p.

a.

5.

00 % p.

a.

DK000927368283D 5CF OA5.

00 % p.

a.

5.

00 % p.

a.

DK000927988730S 6CF5.

32 % p.

a.

5.

37 % p.

a.

DK000927996031S 6CF OA5.

32 % p.

a.

5.

37 % p.

a.



The Executive Board

Any additional questions should be addressed to Head of Innovation Jens Kristian Kimper, phone +45 45 13 20 39.