Auction of mortgage covered bond series 10T and 10U for the refinancing of FlexLån®

Company Announcement number 79/2011 - 14 November 2011

Realkredit Danmark hereby announces the final amount of mortgage covered bonds to be put on auction for the refinancing of FlexLån® as of January 1st 2012.

The borrowers interest in changing the date of refinancing from January to April, has implied that Realkredit Danmark has decided to hold auctions of 1-year and 5-year bonds denominated in DKK and maturing at April 1st.

The auction of 1-year bonds denominated in DKK and maturing April 1st will be held on a single trading day – Tuesday November 29th 2011.

The auction of 5-year bonds denominated in DKK and maturing April 1st will be held over five trading days from November 28th to December 2nd 2011.

The exact terms and conditions of the auctions are set out in

the appendices

to this announcement.

The Executive Board

Any additional questions should be addressed to Senior Dealer Søren Gravgaard,

phone +45 45 13 20 19.