Nordea Kredit Realkreditaktieselskab hereby publishes supplement no. 1 to
Base
Prospectus for the Issuance of Mortgage Bonds (ROs) and Covered Mortgage
Bonds
(SDROs) for Nordea Kredit Realkreditaktieselskab dated 19 February
2019.

The amendment to the Base Prospectus was a consequence of

- the
publication of the half year report 2019
- the election of Head of Products and
Development Marte Kopperstad to the Board
of Directors of Nordea
Realkreditaktieselskab and
- minor adjustments to the text on negative interest
rate so that fixed rate
callable bonds with negative coupon (if necessary) can
be opened under the
prospectus

Any questions can be directed to Jesper
Bærentzen phone (+45) 55 47 41 95.

Kind regards

Nordea Kredit
Realkreditaktieselskab