| Fixing of coupon rates effective from 1 July 2014 |
| Effective from 1 July 2014, the coupon rates of the floating-rate bonds below issued by Nykredit Realkredit A/S will be adjusted. |
| Bonds with quarterly interest rate fixing |
| The new coupon rates will apply from 1 July 2014 to 30 September 2014: |
| Uncapped bonds |
| DK0009787954, (JCB), maturity in 2015, new rate as at 1 July 2014: 1.9750% pa |
| DK0009793416, (JCB), maturity in 2016, new rate as at 1 July 2014: 0.8750% pa |
Questions may be directed to Henrik Hjortshøj-Nielsen, Executive Vice President, Group Treasury, tel +45 44 55 10 40, or Trine Ahrenkiel, Head of Corporate Communications, tel +45 44 55 14 70.