Opening of 4 per cent bullet loans 2019

TRANSLATION

On 20 January 2009, 4 per cent bullet loans 2019 (ISIN: DK0009922403), will be
opened. The interest payment date will be 15 November and the government bonds
will be repaid in full on 15 November 2019. 

The sale will commence via MTSDenmark's auction system with primary dealers as
counterparts. The opening depends on stable market conditions. At the auction
the total sale will not exceed DKK 5 billion at nominal value. Afterwards, the
series will be built up primarily through tap sale and switch auctions. 

As from the opening at 8:00 a.m. (CET) bids can be submitted until 10.30 a.m.
Subsequently a cut-off price will be fixed as quickly as possible and within 10
minutes at the latest. Bids at the cut-off price or above will be accommodated
at the cut-off price. A pro-rata allocation of bids at the cut-off price may be
applied. 

Terms of borrowing can be viewed on www.governmentdebt.dk under "Investor
relations". 

Securities lending
4 per cent bullet loans 2019 will be included in the central government's
securities lending facility from 20 January 2009. 4 per cent bullet loans 2017
will continue as 10-year benchmark and will be maintained in the central
government's securities lending facility. 

Further information
For further information please contact Ove Sten Jensen on tel. (+45) 3363 6102.