Announcement from the Danish Transport, Constructi

Conversion of mortgage loans backed by The National Building Fund in social housing

This is to announce that a conversion of mortgage loans backed by The National Building Fund in social housing will be carried out.

The conversion will be executed by injunction to the affected social housing organisations.

A total volume of approximately DKK 2.5 billion will be converted. The majority of these mortgage loans (DKK 2.4 billion) have a fixed coupon rate of 3 or 3.5 percent; the remainder have a fixed coupon rate of 4 or 5 percent.

The loans are all fixed-rate mortgage and will remain as such. There will be no change to the terms of maturity.

Yours sincerely

Lise Heinesen Head of Division