Fixing of coupon rate in the series 12S 2012, 12S 2018, 13D 2038, 12Q 2012, 12Q 2018 and 15Q 2012 from 1 July 2011

Company Announcement number 47/2011 - 27 June 2011

With effect from 1 July 2011, the coupon rate of the following bonds financing RD Cibor6® 2012, RD Cibor6® 2018, RD Cibor6® Extra 2038, RD Euribor3® 2012, RD Euribor3® 2018 and RD Stibor3® 2012 will be adjusted.

RD Cibor6® og RD Cibor6® Extra ISINcode Name Product Coupon rate until 30 June 2011 New coupon rate from 1 July 2011 to 31 December 2011 DK0009283806 12S 2012 6F OA RD Cibor6® 2012 1.

47% p.

a.

1.

75% p.

a.

DK0009279101 12S 2018 6F OA RD Cibor6® 2018 1.

55% p.

a.

1.

83% p.

a.

DK0009275703 13D 2038 6F OA RD Cibor6® Extra 2038 1.

55% p.

a.

1.

83% p.

a.

RD Euribor3® ISINcode Name Product Coupon rate until 30 June 2011 New coupon rate from 1 July 2011 to 30 September 2011 LU0603108159 12Q 2012 3F OA RD Euribor3® 2012 1.

18% p.

a.

1.

83% p.

a.

DK0009278640 12Q 2018 3F OA RD Euribor3® 2018 1.

23% p.

a.

1.

55% p.

a.

RD Stibor3® ISINcode Name Product Coupon rate until 30 June 2011 New coupon rate from 1 July 2011 to 30 September 2011 DK0009284457 15Q 2012 3F RD Stibor3® 2012 2.

65% p.

a.

2.

75% p.

a.

As the bonds financing RD Euribor3® mature on 1 July 2011 these loans are refinanced.

The new bond is 12Q 2012 – LU0603108159.

The new coupon rate on 12Q 2012 is fixed as the reference-rate set today plus a fixing-spread 0.

28%-point determined on the auction Thursday 16 June 2011.



The Executive Board

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