Auction of mortgage covered bond series 10Sand 10Q for the refinancing of FlexLån®

Company Announcement number 5/2011 - 17 January 2011

Realkredit Danmark will hold auctions on mortgage covered bonds for the refinancing of FlexLån® as of 1 April 2011.

The auction of 1-year bonds denominated in DKK or EUR will be held over five trading days from 9 March 2011 through 15 March 2011.

The preliminary amount of bonds to be auctioned and the exact terms and conditions of the auctions are set out in the appendices to this announcement.

Download Terms and conditions of Realkredit Danmark's auction

(84 kb) Yours sincerely

The Executive Board

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

phone +45 45 13 20 19.