Profit after tax of DKr2,154m for the first nine months of 2008

Realkredit Danmark today published its report for the first nine months of 2008.

Highlights are shown below: The Realkredit Danmark Group’s profit after tax for the first nine months of 2008 rose 18% to DKr2,154m, against DKr1,830m for same period of 2007.

The increase was partly the result of a higher administration margin – caused by an increase in the volume of lending – and higher net trading income.

Total income rose 9% to DKr3,653m from DKr3,340m in the first nine months of 2007.

Relative to the end of September2007, the outstanding nominal bond debt has increased by 6% to DKr676bn.

Loan impairment charges amounted to DKr42m for the first nine months of 2008, against DKr11m for the same period of 2007 and are still at a moderate level.

The 3-month delinquency rate was 0.

20% after the third quarter of 2008, against 0.

14% at the beginning of the year.

At September 30, 2008, the solvency ratio was 62.

2%.

At an unchanged level of interest rates, the pre-tax profit for the full year 2008 is still likely to be 4-9% higher than in 2007.

Interim Report - First nine months of 2008

(pdf 98 kb) "In spite of the financial turmoil,

the profit was in line with expectations and is considered satisfactory. The delinquency rate remains very low,

although we have recorded a slight increase in 2008",

said Sven Holm,

Realkredit Danmark's chief executive. Contact: Sven Holm,

Chairman of the Executive Board and Chief Executive Officer,

tel. +45 45 13 20 81.