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Increases in 3% bond loans for Danmarks Skibskreditfond

Original announcement entitled "Danske Bank has arranged increases in 3% bond loans for Danmarks Skibskreditfond".

January 16, 2003

Stock Exchange Announcement
Since the minimum coupon was lowered with effect from October 10, 2002, Danske Bank has arranged increases totalling DKK 3,000 million in the 3% bond series issued by Danmarks Skibskreditfond.

The bonds were acquired by Danske Bank and have been resold at the current market price.

The bonds are quoted on the Copenhagen Stock Exchange and registered at VP Securities Services.