Nordea Kredit Realkreditaktieselskab has completed the auctions of bonds
to
refinance ARMs as of 1 January 2011.

Auction results in the attached
table.

For more detailed information please contact Nordea Group Funding,
Kamilla
Skytte on phone no. +45 3333 1626 or Peter Brag on phone no. +45 3333
1663.

Yours faithfully

Nordea Kredit
Realkreditaktieselskab



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