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Danske Bank redeems equity index-linked notes 1998/2002

December 23, 2002

Stock Exchange Announcement No. 35/2002
Danske Bank equity index-linked notes 1998/2002, which are tied to the increase in an index composed of internet-related shares, will be redeemed on December 30, 2002, in accordance with the terms and conditions of the notes.

The notes have security code XS0088382915.

The underlying index has shown a fall. The notes will therefore be redeemed at the set minimum price of 100%, corresponding to $1,000 per note.

The note loan, which is a zero-coupon loan, was originally issued for a total amount of $20,000,000 in July 1998.