For the attention of: Jeppe Møller Nielsen
NASDAQ OMX Copenhagen A/S
Postbox 1040
Nikolaj Plads 6
1007 Copenhagen K, Denmark
With a copy to:
Kalvebod plc.
5 Harbourmaster Place
Dublin 1
Ireland
(the "Issuer")
Deutsche Trustee Company Limited
Winchester House
1 Great Winchester Street
London EC2N 2DB
United Kingdom
(the "Trustee")
Deutsche Bank AG, London Branch
Winchester House
1 Great Winchester Street
London EC2N 2DB
(the "Swap Counterparty")
Finanstilsynet (The Danish FSA)
Aarhusgade 110
2100 København Ø, Denmark
VP SECURITIES A/S
Weidekampsgade 14
P.O. Box 4040
2300 Copenhagen S, Denmark
Dear Mr Møller Nielsen
Notice: Kalvebod plc Series 2 DKK 655,376,470.58 Fixed/Floating Rate Secured Notes due 2106 (consisting of an initial issue of DKK 928,450,000 and reduced to DKK 791,913,235.29 as of 01 May 2009 and further reduced to DKK 655,376,470.58 as of 03 August 2009) (ISIN: DK0030029269) (the “Notes”)
Pursuant to the Terms of the Notes as set out in the Prospectus relating to the admission to trading of the Notes on the regulated market of the NASDAQ OMX Copenhagen A/S dated 01 May 2006, we hereby notify you of the occurrence of Bond Collateral Default, as such event has been notified by the Issuer to each of the Noteholders, the Trustee and the Swap Counterparty pursuant to the notices annexed hereto
In all other respects the Prospectus shall remain unchanged and in full force and effect.
On behalf of the Issuer, in our capacity as Listing Agent, we hereby give you notice of such Bond Collateral Default.
Any capitalised term not otherwise defined in this letter will have the meaning, if any, assigned to such term in the Prospectus.
Questions regarding this notice may be addressed to Jan K. Villadsen and Torben Jensen, Debt Capital Markets, Nykredit Bank A/S, Kalvebod Brygge 47, 1780 DK-Copenhagen V, +45 44 55 12 90 and +45 44 55 19 49.
Yours sincerely,
NYKREDIT BANK A/S
